Dexia Municipal Agency
Amount: Sfr250mMaturity: 2 May 2018
Issue price: 100.275Coupon: 2.5%
Spread at re-offer: 17bp over mid-swapsLaunched: Wednesday 23 September
Payment date: 2 NovemberSole lead: UniCredit
Bookrunners comment:Swiss franc investors are used to paying a tighter spread than euro investors, but the basis has been so unfavourable recently that they were having to ...