MunHyp issues green Swissie as Crédit Ag to issue new Swiss structure

By Bill Thornhill, Silas Brown
20 Aug 2020

Crédit Agricole's Swiss subsidiary is selling its first structured covered bond in Swiss francs. The deal will be issued under a new programme using Swiss contractual law in a change from the French law covered bonds issued by the parent bank in the Swiss franc market. Elsewhere in the Swiss market, Münchener Hypothekenbank issued a green bond on Friday.

Credit Suisse has been mandated as sole lead for the deal and plans to hold investor calls on August 25. According to sources familiar with the project, the new funding programme was designed to develop a local source of funding, 

In this sense, Crédit Agricole's Swiss subsidiary, Crédit Agricole ...

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