Supra scarcity boosts Eurofima Swissie

By Nathan Collins
29 May 2014

Eurofima returned to the Swiss franc market after a five year absence this week, hitting its size cap despite aggressive pricing. A lack of supply from other agencies helped drive demand for the deal.

Credit Suisse and Zürcher Kantonalbank priced the Sfr280m ($312.7m) 0.625% seven year bonds at 5bp through mid-swaps, in line with guidance of minus 5bp area.

The leads circulated initial price thoughts of 4.5bp area through swaps on Monday afternoon. The size was capped by the issuer.

Syndicate bankers ...

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