Geneva Airport makes tight landing

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By Frank Jackman
18 Feb 2021

The rally in Swiss fixed income over the last year allowed Geneva Airport to price a new 10 year deal this week 70bp tighter than where it printed a three year deal last April.

The borrower set out to print a new 0.95% March 2031 bond through Credit Suisse and UBS on Thursday.

The leads set initial price thoughts in the 105bp-115bp area over mid-swaps.

“We announced a Sfr180m no-grow deal, but not long after we went out with ...

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