Green saves day in Swissies as coronavirus halts flurry
Green deals from Hypo Vorarlberg and Russian Railways were sold in Swiss francs this week in what were immensely tricky conditions. The market was awash with deals in January and February, but many feel the spread of coronavirus will bring a halt to the momentum moving into March.
Russian Railways released price guidance on Thursday morning for a Sfr250m ($263.5m) six year bond at 160bp-170bp over mid-swaps. JP Morgan, UBS and VTB Capital arranged the deal, the first Russian Swiss franc green bond.The Baa2/BBB-/BBB rated state-owned company has Swiss franc October 2025s outstanding that have ...
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