Swissies on fire as banks max out

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 ...Already a subscriber? Login