Swissie investors target quality not quantity

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By Bill Thornhill, Frank Jackman
21 Jan 2021

Swiss franc bond investors are pursuing high quality issues, with Münchener Hypothekenbank harnessing this demand to price a tap of its green preferred senior bond 12bp through fair value this week.

“Accounts are on the lookout for very good quality issuance, as seen by the triple-A rated Credit Suisse covered bond and the double-A rated MunHyp green deal this week,” said a banker involved with the week’s supply.

However, a slew of high quality issuance was not ...

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