Cembra makes senior debut in Swiss francs
Cembra Money Bank, the Swiss consumer finance firm, sold its inaugural senior deal on Tuesday. The deal follows in close succession from the bank’s initial public offering, which was completed on October 30.
Credit Suisse and Zürcher Kantonalbank priced the Sfr250m ($274.1m) four year bonds at 75bp over mid-swaps, in line with guidance of 75bp area. The deal was sounded at a range of 80bp-85bp over mid-swaps, and was capped at Sfr250m.“It looked like it went very well,” said a ...
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