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GC Asia
CS prioritises covered bond price over size
Credit Suisse issued a two-part covered bond in Swiss francs on Monday, choosing to limit the deal sizes in order to ensure a tight spread and low yield.
Credit Suisse issued a 0.0% Sfr100m January 2021 at 19bp over mid-swaps with a re-offer yield of minus 0.31% and a Sfr150m 0.0% January 2033 with a re-offer yield of 0%.
The six year deal was initially marketed at 18bp-21bp with a yield target of ...Already a subscriber? Login
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