Lithuania prints punchy Swissie debut

20 Sep 2012

Lithuania became the first triple-B rated sovereign to print Swiss francs since 2005 when it priced its debut trade in the currency on Wednesday — a long awaited Sfr175m ($188.6m) April 2018 transaction.

The tight pricing underscored the extent of Swiss investors’ renewed risk appetite and their eagerness to buy new names.

"This is an incredible success considering sovereigns in this peer group wouldn’t have been able to print Swiss francs few years ago," said Damien Aellen, syndicate manager at BNP Paribas. ...

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