Swiss Francs

Argentina returned to the Swiss market for the first time in nearly 20 years on Thursday to print a Sfr400m ($403m) three and a half year bond.

The Netherlands' Achmea Bank is looking to raise funds in the Swiss franc bond market in the near future, having mandated three banks to take it on a roadshow next week.

Temenos, a Genevese vendor of banking software, offered retail investors its fourth Swiss bond on Monday.

Argentina is returning to the Swiss franc bond market after nearly 20 years, roadshowing a benchmark bond next week. Success or failure will indicate whether Swiss investors have forgiven Argentina for burning their fingers last time they met, writes Silas Brown.

Argentina is returning to the Swiss franc bond market after nearly two decades of absence, roadshowing a benchmark bond next week. Success or failure will indicate whether Swiss investors have forgiven Argentina for burning their fingers last time they met.

Swiss healthcare firm Roche returned to its native market on Wednesday with a Sfr1.5bn ($1.49bn) triple tranche trade in the largest ‘Matterhorn’ — a deal of Sfr1bn or more — since its last outing in 2012.

Credit Suisse will hold investor meetings across Switzerland to gauge interest in a new Swiss franc additional tier one (AT1) bond. The Swiss market is confident that retail demand will push the trade to a high volume.

Aduno, the non-cash payments firm owned by Swiss banks, sold a rare Sfr100m ($100.78m) floating rate note on Tuesday. As the Swiss National Bank’s (SNB’s) deposit rates are at minus 0.75%, the Zurich-based firm could capitalise on money market investors’ need to work cash rather than store it.

SGS, the A3 rated testing and inspection company, offered a nine year bond to a Swiss market in search of corporate paper this week. Books were open for just 45 minutes before the Sfr375m ($378m) maximum mandated size was reached.

Swiss listed property company Zug Estates offered a Sfr100m ($100m) five year bond to Swiss investors on Tuesday. While the order book for the triple-B notes was oversubscribed , investors were firm in their preference for tenor.

ASB Finance and Met Life entered the Swiss market this week despite them having little need for the Swiss currency in their funding programmes.

Zürcher Kantonal Bank became the first Swissie issuer to print in 2017. The cantonal bank kicked off the new year with a Sfr260m ($253.4m) nine year deal.