Swiss Francs

When the shockwave set off by the failure of Silicon Valley Bank swept the legs from under Credit Suisse, all the talent and relationships of a big investment bank were up for grabs. UBS has tried to hang on to what it sees as the best bits — but the biggest beneficiaries are likely to be rivals. Jon Hay and David Rothnie report

The Swiss franc bond market weathered the collapse of one of its two biggest players in 2023 to enjoy its busiest year since 2014. Investors welcomed foreign issuers from all quarters with open arms and, as Sophie Astles writes, those visitors may be here to stay

Regular Swiss issuer reopens two covered bonds in last sale of 2023

Regular issuer targets lower size and lands inside last trade from Pfandbriefbank

Sabeen Munir joins syndicate desk after 18 years at Credit Suisse

City of Zurich and PSP Swiss Property take advantage of diminishing supply to appeal to investors with cash still to spend

Bonds will be settled in wholesale CBDC on December 1 as part of Swiss National Bank’s tokenised asset pilot

Deal comes flat to swaps, but issuer cannot reach hoped-for size

Swiss pharma company navigates a difficult market to pay a negative to zero new issue premium

Kiwi sub-sovereign sacrifices size to price tight

Flavour and fragrance company capitalises on investor demand to take size at a tight price

Name recognition helps bank go against the grain to tighten pricing