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GC Asia
RBS follows Lloyds into Swiss francs
Royal Bank of Scotland has launched bookbuilding on a Sfr200m minimum five year deal, rapidly following Lloyds’s triumphant Sfr800m Swiss franc debut, which the UK bank issued last week and tapped on Tuesday.
“RBS offers a pick-up to Lloyds, but it’s going to be to be very tough to get a similar size,” said a Swiss franc syndicate banker. “It’s not wise to go for the same maturity as Lloyds, and RBS is a much more frequent issuer, so investors already
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