EFG preps tier two roadshow after tender offer closes

11 Jan 2013

EFG International on Tuesday mandated for a two day roadshow in Switzerland next week, ahead of a possible Swiss franc deal. The bank is looking to raise money in Swiss francs to replace tier two debt likely to be taken out through a buyback offer.

EFG has mandated BNP Paribas and UBS for a roadshow on January 14 and 15 to look at its options for a tier two deal.

Swiss investors have seen few targets for investment this year.

"The basis swap into euros and dollars is making it difficult for most non-Swiss issuers ...

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