MuniFin follows NWB back to Swiss market

Swiss flag 230x150
By Silas Brown
27 Jul 2017

Municipality Finance on Thursday became the second European SSA to enter the Swiss franc market this week, after Nederlandse Waterschapsbank became the first European SSA to place Swiss bonds since 2015.

MuniFin's leads Credit Suisse and ZKB used NWB’s new Sfr110m ($114.1m) August 2037 bond as a pricing comparable.

“The tenor could not be the same but it had to be similar,” said one banker on the deal. “The curve is pretty flat at that length, so we ...

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