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