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GC Asia
CRH reopens Swissie covered bond market
Caisse de Refinancement de l’Habitat (CRH) issued its second chunky Swiss franc covered bond in three months on Wednesday, a Sfr375m dual trancher, bringing its 2012 supply in the currency to Sfr1.025bn.
"It is impressive CRH managed to take out this much after only three months," said André Schmid, head of syndicate at Credit Suisse. The issuer managed to price a jumbo Sfr650m double tranche note in early February, after Swiss investors had vetoed financial institution paper at the end
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