Baer shines in Swissies with AT1 return

By GlobalCapital
06 Jun 2019

Activity in the FIG sector in Swiss francs shifted from the international to the domestic market this week, with a little over Sfr850m ($857m) of new supply priced on Tuesday alone.

While Zuger Kantonalbank launched a new Sfr200m 2030 senior unsecured trade at mid-swaps plus 12.5bp, Pfandbriefbank sold a Sfr652m new issue carved into four tranches maturing in 2024, 2030, 2033 and 2041. The five year tranche, which at Sfr246m was the largest of the four, was ...

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