Bookrunner UBS priced Caisse de Refinanciement de l’Habitat’s inaugural Swiss franc deal on Thursday at what it agreed was a demanding level.
"Twelve basis points over mid-swaps was ambitious," said a syndicate banker at UBS. "However, CRH is a great credit making a debut." But market participants felt this level aggressive for the Sfr250m long five year. A Sfr200m seven year from Compagnie Financement de Foncier, which is very well
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