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 ...
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