Swiss Francs

Africa Finance Corp, the pan-African development finance institution, printed its first green bond on Monday.

Africa Finance Corp, the pan-African development finance institution, printed its first green bond on Monday – the first in Swiss francs from a CEEMEA supranational.

Africa Finance Corporation (AFC), the pan-African development finance institution, has held investor calls ahead of its first green bond issue that Swiss franc bankers expect to launch next week.

The Africa Finance Corporation, the pan-African development finance institution (DFI), has mandated a pair of banks to lead its first ever green bond issue, which it will sell publicly into the Swiss franc market.

Swisscom raised Sfr100m ($110m) on Thursday with an 11 year bond sold without the involvement of an intermediary bank. The company worked with Swiss fintech company Valyo to issue the bond through its platform that directly connects issuers and investors.

Chocoladefabriken Lindt & Sprüngli sold the week’s tastiest Swiss franc deal when it returned to the market on Tuesday to refinance an upcoming Sfr500m ($549.8m) redemption.

Crédit Agricole’s Swiss subsidiary sold its first structured covered bond in Swiss francs on Wednesday. The bond was issued under a new programme that differentiates it from covered bonds issued by its parent bank under French law in the Swiss market.

Latin American development bank Corporación Andina de Fomento (CAF) issued Sfr350m ($382m) of five year paper on Monday with its first green bond in the Swiss franc market. Primary issuance in Swiss bonds has been slim over the past few weeks, though there are signs of a pick up through the rest of August.

Latin American development bank Corporación Andina de Fomento (CAF) raised Sfr350m ($382m) of five year paper on Monday with its first green bond issue in the Swiss franc market.

Latin American multilateral lender Corporación Andina de Fomento (CAF) could tap Swiss franc bond markets this week after mandating for a green bond.

Despite the coronavirus crisis and uncertainty about the November US election, the Swiss franc market is feeling optimistic for the second half of the year, expecting a strong run of issuance until late autumn.

The Swiss franc market is having a busy year, with a strong showing from corporate and SSA issuers helping the market to its highest year to date volume since 2015, according to Dealogic.