GCC banks make Swiss franc comeback
Middle Eastern banks returned to the Swiss franc market this week after an absence of almost five months with trades from two Gulf banks providing some respite for yield-starved investors.
Qatar’s third largest bank, Commercial Bank of Qatar (A3/BBB+A), was first out of the traps this week with a solid Sfr150m ($150.6m) four year trade, which was the first from a Middle Eastern borrower since an issue from First Abu Dhabi Bank (FAB) in May.CBQ’s ...
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