Rating: Aa3/AA-/AA-
Amount: Sfr200m
Maturity: 27 July 2007
Issue price: 100.03
Coupon: three month Libor flat
Launch date: Wednesday 6 July
Payment date: 27 July
Lead mgr: Credit Suisse First Boston
Bookrunner's comment:
We continue to receive demand for this type of transaction. It is about 85% sold and mostly to the retail network — tickets are typically worth around Sfr0.5m.
Market appraisal:
"...as it's a floater it probably came from a reverse enquiry. I cannot see the demand for a deal like this otherwise."
"...a floater in this Swiss market is never that exciting — probably lead order inspired."
