Pfandbriefzentrale issued its largest ever bond this week, a Sfr1.386bn ($1.398bn) triple-tranche deal that included a Sfr980m 12 year tranche that was itself the largest single issue in the Swiss franc bond market this year.
The Aaa rating combined with a 12bp spread to mid-swaps on the 2031 tranche (equating to a yield of 0.06%) had a magnetic effect for cash-rich institutions. “It showed that there are some accounts that still have plenty of money to put to work before year end which they
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.