Swiss Francs

As central banks retreat from public markets, spreads are widening in dollars and euros, and cross-currency basis swaps are improving for international borrowers, Swiss bankers believe the good times might be returning to a market once known the world over for diversification and arbitrage.

Kazakhstan Temir Zholy (KTZ), the Kazakh state-owned rail company, sold Sfr150m five year Swiss franc bonds on Tuesday, in choppy market conditions.

The Swiss Exchange (SIX) is calling on Swiss franc bond investors to register on Deal Pool, a new digital platform due to launch in the next few weeks.

Daimler International Finance returned to the Swiss franc bond market on Wednesday, selling Sfr400m worth of four and seven year bonds.

Bank of Nova Scotia (BNS) offered Swiss investors a rare chance to buy its debt with a seven year covered bond from a rare name on Tuesday.

The state bank of Chile is bookbuilding a return to the Swiss franc bond market.

CPI Property Group, which owns real estate in Berlin and central and eastern Europe, printed an inaugural Swiss franc bond on Thursday in a size bigger than the minimum originally touted to investors.

Abu Dhabi Commercial Bank entered the Swiss franc bond market on Thursday, selling Sfr100m ($101m) of February 2024 bonds.

Banque Fédérative du Crédit Mutuel (BFCM) has sold Sfr100m ($100.6m) of November 2026 bonds, as some investors were drawn to higher absolute yields in a cheapening market.

Santander Consumer Finance entered the Swiss market on Monday, selling Sfr150m ($150.8m) four year Swiss franc bonds via Credit Suisse.

The Commercial Bank of Qatar raised Sfr100m ($100.9m) of September 2024 bonds on Wednesday evening, seven months after it debuted in the Swiss franc bond market.

Sulzer sold Sfr460m ($470.6m) of Swiss franc bonds on Thursday, just months after the Swiss maker of industrial machinery raised Sfr400m across two and five years. This makes it the largest triple-B issuer of Swiss franc bonds so far this year.