EGW showcases long end Swiss demand

Swiss franc fotolia 230x150
By Silas Brown
07 Dec 2017

Emissionszentrale für gemeinnützige Wohnbauträger (EGW) issued 17 year Swiss franc bonds on Wednesday, reaffirming Swiss appetite for duration.

Triple-A rated EGW is guaranteed by the Swiss Confederation and is a regular issuer in Swiss francs.

“EGW is considered a similar credit quality to Swiss cantons,” said a banker on the deal. The Canton of Ticino for example, also a regular issuer, raised Sfr100m ($101.7m) last week ...

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