Tightly priced Goldman Swissie tipped to thrive

shinzo abe
By Nathan Collins
18 Feb 2014

Goldman Sachs is set to sell its first Swiss franc deal in more than a year on Tuesday afternoon, having opted for a five year maturity. The issuer's rarity should ensure demand despite a tight price, according to bankers away from the deal.

Credit Suisse and Goldman Sachs are offering guidance on the Sfr150m ($168.2m) September 2019 bonds at 65bp over mid-swaps.

Zurich based syndicate officials said they expected the issuer's solid reputation and rarity in Swiss francs to allow a successful deal.

“The price looks about right,” said a syndicate banker ...

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