Swissie investors target quality not quantity

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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