Swiss hesitate over Banco Pine debut

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Swiss hesitate over Banco Pine debut

Banco Pine, the Brazilian corporate lender, made its debut appearance in the Swiss franc market on Wednesday when it announced a conditional bookbuild. Although domestic investors are seeking diversification opportunities away from Europe now more than ever before, Banco Pine’s sub-investment grade rating and Latin American roots might prove too much to swallow for the Swiss investor base amid heightened worries over Eurozone peripheral sovereigns.

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