Cred Ag catches long end demand in Swiss

By Nathan Collins
16 Apr 2014

Crédit Agricole sold its second Swiss franc deal of the month on Wednesday, a 10 year print. The final deal was more than double the issuer's target size, with bankers predicting success for other deals with long tenors.

With the expectation of rising rates in the closing weeks of 2013 investors began to sell long-dated paper, but with Swiss franc rates persistently low, investors are keen to re-enter the long end of the curve, according to syndicate bankers.

“A 10 year senior unsecured FIG deal can ...

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