Switzerland
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US snack giant prints Sfr850m in three tranches after a decade away -
Issuance was packed into the first half of the week ahead of a heavy central bank policy meeting schedule
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Safe haven status draws offshore names to Swiss francs
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◆ Three companies bring no-grow €500m trades ◆ All deals got ample demand ◆ More supply lines up as the market reopens
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Company’s new facility was described as ‘substantially oversubscribed’ and structured as a club deal as it adds contingent liquidity loan for $3bn
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Deal has two tranches, company last came to market in 2024
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Quick insurance trade lands close to fair value, through equivalent dollar levels
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Swiss power company issues only five and seven year floaters
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Attractive spreads available as Air Liquide lines up Swiss franc debut
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◆ First Swissie corporate bond since Alphabet's finds size ◆ Dual tranche trade lands tight ◆ Domestic corporate undersupply helps demand
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◆ Issuers opt for extra guidance as market softens ◆ Enexis takes size at six years ◆ DSM-Firmenich lands tight
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European Investment Bank brings most duration
