EGW showcases long end Swiss demand
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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