Swiss Francs
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Utility company takes its total Swissie SLB funding up to Sfr1bn -
Decent sizes available in Swiss francs for high quality offshore names
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Firms eschew arbitrage for attractive, sizable Swiss franc deals
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Although the spread between Pfandbriefe and cantonal bank paper has widened, both still remain attractive
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A mix of deals are expected to follow stable market opener
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Continuing losses and looming restructuring factor into senior debt decision
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German lender open to issuing with other labels if investor interest is sufficient
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Demand at the short end of the Swiss curve allows for attractive pricing
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Banks have need and desire for funding in non-core markets
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Short end Swiss franc bonds offer nice arbitrage for foreign funders
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Current head of funding Laterza promoted to new role at the Swiss bank
