Vakif, IBK set out to sway Swiss

01 Jun 2012

The Swiss franc market is poised to host a streak of non-deal roadshows next week from a wide array of borrowers, including emerging market issuers Industrial Bank of Korea and Turkey’s VakifBank.

IBK already has a presence in the Swiss franc market and has recently issued a Sfr150m 1.25% three year note on May 22. But neither VakifBank nor any other Turkish borrower has ever tapped the currency before.

If VakifBank decides to issue after its non-deal roadshow, which is organised ...

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