Switzerland

UBS Group made a rare entry into the euro market on Tuesday, issuing €1.5bn of new senior paper in line with fair value.

Swiss biotechnology company Idorsia has completed its Sfr575m ($629m) at-market rights issue to fund the commercialisation of insomnia drug daridorexant.

Swiss duty free operator Dufry has finished its Sfr820m at-market rights issue, which has enabled Advent International and Chinese e-commerce firm to take large strategic stakes in the company.

Swiss biotechnology company Idorsia has opened the books on its Sfr575m ($629m) at-market rights issue to fund the commercialisation of insomnia drug daridorexant.

A Sfr111m ($122m) trade in shares of SoftwareOne, a Swiss software company, on Thursday night earned a strong reception from investors, showing that there is still strong demand for growth-orientated tech stocks, despite deal execution in equity capital markets growing more difficult.

Swiss biotechnology company Idorsia has begun marketing for a Sfr575m at-market rights offer to fund the commercialisation of its lead product candidate.

Dufry, the Swiss operator of duty free retailers, has launched a Sfr700m ($766m) rights issue for M&A and corporate capital needs. The rights issue will allow two strategic investors, Advent Group and Chinese e-commerce firm Alibaba to take large stakes in the company.

Africa Finance Corp, the pan-African development finance institution, printed its first green bond on Monday.

Swiss real estate developer Epic Suisse has set the terms for its IPO on the SIX Swiss Exchange, which could value the company at up to Sfr778m ($839.56m).

Sustainability-linked bonds took a full year to get going after Enel, the Italian power and gas company, introduced the structure in September 2019. But they are now gathering pace. This week Novartis, the Swiss pharmaceutical company, printed a deal, just a week after Suzano, the Brazilian pulp and paper group, had become the second issuer.

Epic Suisse, the Swiss real estate company, has unveiled plans for an IPO on the SIX Swiss Exchange to raise capital to fund future development projects and repay debt.

Crédit Agricole’s Swiss subsidiary sold its first structured covered bond in Swiss francs on Wednesday. The bond was issued under a new programme that differentiates it from covered bonds issued by its parent bank under French law in the Swiss market.