Switzerland

Axpo, the Swiss energy utility company, on Thursday issued a offered a CHF350m ($358m) eight year bond to support its buy back of outstanding CHF700m ($716m) 2020 notes.

Pfandbriefzentrale der Schweizerischen Kantonalbanken issued on Tuesday the first ever Swiss franc 10 year bond to be priced with a negative yield by a non-government issuer.

Shares in Investis Holding, the Swiss residential real estate company, rose 8.1% today, after it became the third company to list on the SIX Swiss Exchange this year, raising Sfr148m to fund growth and acquisitions.

Swiss franc bond bankers expressed concerns this week that the Swiss National Bank will not be able to halt the rising value of the franc in the face of political uncertainty resulting from the result of the UK's referendum on European Union membership.

The IPO of Investis Group, the Swiss residential property company, is nearly complete after the pricing was revised on Tuesday to Sfr50-Sfr55, the lower end of the initial Sfr49-Sfr68 range.

The two IPOs live in the European market are both progressing steadily, despite the shock of the UK’s decision to leave the European Union, which has sent share prices whizzing in all directions.

A $12.7bn Asia-focused loan for China National Chemical Corp’s acquisition of Swiss firm Syngenta is expected to enter the second phase of syndication as early as next week.

Investis Group, the Swiss residential property company, opened books for its IPO at lunchtime on Monday, hoping to raise Sfr150m to Sfr183m.

LafargeHolcim, the French-Swiss cement group, found ample demand in the European bond market on Wednesday for a tap issue, showing how keen appetite remains, despite the nearness of the UK’s referendum on leaving the European Union next week.

Dätwyler, the Swiss electronics company, has signed £497m of loan facilities backing its Sfr1bn (£700m) acquisition of Premier Farnell, which makes the Raspberry Pi mini-computer.

Cott Corp, the US-Canadian drinks maker, on Thursday sold a €450m bond to support its buyout of Eden Springs of Switzerland.

Investis Group, the Swiss residential property company, is preparing to raise at least Sfr150m ($156m) through an IPO on the SIX Swiss Exchange.