Swiss Pfandbriefbank takes size at tight spread

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By Bill Thornhill
03 Dec 2019

Swiss Pfandbriefbank issued a Sfr1.1bn (€1bn) three part deal on Monday which was notable for both its size and the tight spread achieved.

The borrower issued a three part covered bond on Monday that benefited from a paucity of recent supply, enabling the issuer to raise a sizeable Sfr1.1bn of funding with demand of Sfr1.7bn at tighter spreads than a comparable deal issued last month. 

Joint leads Credit Suisse, Raiffeisen Switzerland ...

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