Asset managers drive corporate Swissie demand

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By Frank Jackman
15 Oct 2020

Givaudan and Nant de Drance attracted big order books this week, driven by demand from asset managers, allowing both to price Swiss franc bonds through fair value.

"In uncertain times people want to buy what they know, and Swiss investors clearly have a preference for corporates, and are of course more familiar with domestic names,” said one banker on the deals.

Flavouring and scent manufacturer Givaudan allocated 59% of its trade to asset managers, while ...

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