Switzerland

Just three months after Nestlé last extended its corporate bond curve, the Swiss food group is back in the market. On Friday it pushed its range of maturities even further.

Swiss boutique investment fund Fisch Asset Management,has hired a new senior credit analyst for its high yield desk by raiding Barings.

Swiss food and drinks company Nestlé extended and replaced €11bn worth of one and five year loans on Wednesday.

UPC Holding, the telecoms company owned by Liberty Global, and UK car glass specialist Belron announced multi-currency term loan offerings on Tuesday.

Europe’s leveraged loan market was set for more than €4bn of offerings this week, as borrowers revel in friendly pricing conditions. Large facilities such as the €1bn loan for DomusVi that was launched on Monday could achieve the tightest prices, said bankers.

Dietrich Domanski has been appointed secretary-general of the G20's Financial Stability Board (FSB), the organ that has helped steer the world's response to the financial crisis.

The Basel Committee on Banking Supervision (BCBS), which is working to improve the stability of financial markets after the 2008 crisis, on Friday announced it would soften its terms on banks' derivatives liabilities.

Financial counterparties in Switzerland had to start reporting derivatives trades to repositories on Monday, as required by the country's Financial Market Infrastructure Act.

Swiss energy and commodities trader Mercuria is looking to raise $850m from a triple-tranche facility that was launched earlier this week.

Zurich Insurance Group is reshuffling two of its most senior responsible investment officials, who are moving to new roles.

At the peak of demand Swiss private banking group Julius Baer was about 30 times subscribed for its first additional tier one (AT1) offering in dollars this week, prompting the leads to swing pricing in by about 75bp.

Seed company Syngenta has mandated banks for a global dollar transaction, its first foray into the market since China National Chemical Corp (ChemChina) completed its acquisition of the company this summer.