Deutsche Telekom returns to Swissies with rare 12yr MTN

Swiss flag adobe stock
By Frank Jackman
23 Jan 2020

A pair of investment grade issuers made rare appearances in niche currency bond markets this week. Deutsche Telekom returned to the Swiss franc market after a 10 year absence, while Hitachi Capital UK made its debut in rand.

Deutsche Telekom sold a Sfr300m ($309m) 0.435% February 2032 (12 year) privately placed bond on Tuesday. Deutsche Bank priced it at par.

This is the telecommunications company’s first Swiss franc deal since June 2010, when it raised Sfr400m of six year debt through NatWest Markets and ...

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