Paccar joins Swissie debut club
Paccar, the Dutch-American truck producer, became the latest company to launch its first Swiss franc bond — a Sfr100m 1.125% five year note that was priced on Tuesday. With mid-swap rates this week hitting all-time lows since 1997 and domestic buyers hungry for corporate paper, the Swiss franc market remains an ideal source of funding for companies with limited borrowing requirements.
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