Following a flurry of corporate deals earlier in the month, financial institution issuers took control of the primary Swiss franc bond market this week.
France’s Banque Fédérative du Credit Mutuel set the tone last Friday, pricing a Sfr200m 6-1/4 year senior preferred transaction via Credit Suisse in line with original guidance, at mid-swaps plus 55bp, or 89.5bp over the government curve. This was the second Swissie deal of the year for BFCM
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