Raiffeisen surprises with Swissie AT1

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By Frank Jackman
08 Oct 2020

Raiffeisen Schweiz surpassed expectations with a self-led additional tier one (AT1) deal on Wednesday, printing Sfr525m ($572.4m) after finding strong international demand.

“I didn’t really expect this,” said a banker on the deal. “We expected it to go well, but not like this.”

The bank started out only harbouring ideas of pricing a deal around Sfr250m in size, with Sfr350m the expected upper limit for demand. However, the demand surprised ...

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