Swiss Francs

Gazprom printed its Sfr500m bond on Wednesday from a Sfr2bn book, one of the largest ever for an international issuer in the Swiss franc market.

Gazprom has set the spread on its first post-sanctions Swiss franc bond, a short dated note that is offering plenty of juice to yield starved private bank investors, according to bankers.

Russian gas company Gazprom is roadshowing a possible Swiss franc bond, which would be its first in the currency since the EU and US laid down sanctions on several Russian state-owned companies in 2014.

Bell, the Swiss meat producer, returned to the Swiss franc bond market with a Sfr300m nine year note on Tuesday, its first issue in the currency since 2013.

Santander Consumer Finance took advantage of relatively stable conditions in the Swiss franc market on Tuesday to print just its second bond in the currency.

Even though the Swiss franc/dollar cross currency swap has been trading in negative territory through January and February, Amgen, the US biotechnology company, made an impressive debut in Swiss francs this week with a seven year bond, the largest in the currency this year.

Dutch lender, ABN Amro returned to the Swiss franc market on Friday with a 8.9 year note, making it the third FIG issuer this week to take advantage of arbitrage opportunities in this market.

Two FIG issuers this week took advantage of good conditions to tap the Swiss franc market, revealing an opportunity for other banks to escape widened euro and dollar spreads.

Goldman Sachs printed its largest ever deal in Swiss francs on Wednesday, revealing an opportunity for other banks escaping widened euro and dollar spreads.

Latin American supranational Corporacion Andina de Fomento received a warm welcome from asset managers and bank treasuries on its second outing of the month in the Swiss franc market on Tuesday.

Amgen, the US multinational bio-pharmaceutical company, on Monday announced plans for its debut bond in Swiss francs, a transaction that bankers hope could turn a gloomy February market around.

Two Latin American multilaterals this week defied investor jitters around looming US non-farm payroll numbers to tap the Swiss franc market.