EM returns to Swissies as REC, KNOC find warm welcome
Emerging markets risk returned to the Swiss franc market this week after a blowout year in 2011, as Rural Electrification Corp raised Sfr200m and Korea National Oil Corp Sfr300m.
Indian, Korean and Russian issuers priced blockbuster deals last year, as Swiss investors finally became comfortable with lower-rated credits offering eye-catching coupons. As Swiss yields have fallen since then, investors are even keener to buy lucrative paper.Rural Electrification Corp priced its first Swiss franc bond on Thursday ...
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