Rare duo makes Swissie return

SwissMountain_fotolia_230x150
By Frank Jackman
21 May 2020

A supranational and a Nordic bank paid rare visits to the Swiss franc market this week. The North American Development Bank (NADB) printed its first deal in two years — its second green bond — while Nordea returned after a five year absence.

NADB visited the Swiss franc market on Wednesday to raise a combined Sfr340m ($350.6m) across a dual tranche green bond though Credit Suisse, following the public tender of a 2.4% October 2022 dollar bond.

The lender funds projects in the US-Mexico border region, with the proceeds of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial