Swissies on fire as banks max out

Swiss flag adobe stock
By Oliver West, Silas Brown, Tom Brown
13 Feb 2020

BBVA and BNP Paribas raised Swiss franc bonds on Thursday, following a week of strong issuance from a rich variety of borrowers in the market.

“Everyone has cash to put to work in Swissies,” said a syndicate banker in Zurich. “Pretty much all the trades have priced at maximum sizes this year.”

BBVA debuted in Swiss francs on Thursday, in a bid to diversify its funding sources, selling a Sfr160m ($163.5m) non-preferred 6-1/2 ...

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