Switzerland
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◆ Deal follows $3bn issue in February ◆ Swiss regulators may demand much more capital ◆ Similar structure to last deal -
Facility features accordion option
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Swiss real estate firm's stock has risen 65% this year
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The energy and commodities company saw significant enough interest during syndication to increase deal size
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Company said the financing will help it take advantage of opportunities in the development of metabolic drugs
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◆ UBS's covered programme now 'well-known' a year after launch ◆ Investors like the chance to pick up triple-A rated Swiss risk in euros ◆ Premium needed for contractual structure
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Bank facility joins bonds in euros and Swiss francs
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◆ Sandoz garners chunky demand for 10 year trade ◆ Trend continues for issuers to set deal parameters quickly ◆ Single digit new issue concession
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Pfandbrief split across four tranches spanning 3.4 to 23.6 years
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Chocolatier gets sticky book for first trade since S&P downgrade
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The Swiss company’s refinancing has support from more than 30 banks
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Chocolatier includes junk rating coupon increase in marketing dual tranche euro trade
