Quebec enjoys demand at long end in Swiss francs

By Tessa Wilkie
23 Oct 2014

Swiss franc investors snapped up a long dated Quebec issue this week following a shift in demand toward 10 year paper.

Leads BNP Paribas and Deutsche Bank priced the Sfr375m ($396.3m) 0.75% November 2024 at mid-swaps plus 0.5bp on Tuesday, in line with guidance of swaps flat to swaps plus 1bp.

The issuer launched the deal with a minimum size of Sfr200m, but it was quickly increased to Sfr350m ...

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