Switzerland

Credit Suisse and UBS dominated Dealogic’s European FIG bookrunner rankings for 2015, helped by their issuer parents cranking up their issuance of holdco and capital instruments.

National Australia Bank (NAB) has priced a seven year Swiss franc note on Tuesday, making it the first international issuer in the currency for 2016.

Credit Suisse and UBS dominated Dealogic’s European FIG bookrunner rankings for 2015, helped by their issuer parents cranking up their issuance of holdco and capital instruments.

UBS successfully completed a cash tender offer for Sfr6.1bn ($6.12bn) of its securities on Thursday, as the group looks to further strengthen its capital base.

Market participants expect a large step up in senior holdco issuance early next year, putting further pressure on spreads and pushing some issuers further afield for funding.

Dentsply International, the US dental equipment maker, printed a dual tranche private placement Swiss franc note on Tuesday, as a part of its private placement funding programme.

UBS successfully completed a cash tender offer for Sfr6.1bn ($6.12bn) of its securities on Thursday, including one covered bond, as the group looks to further strengthen its capital base.

UBS successfully completed a cash tender offer for Sfr6.1bn ($6.12bn) of its securities on Thursday, as the group looks to further strength its capital base.

Dentsply International, the US dental equipment maker has printed a dual tranche private placement Swiss franc note on Tuesday, as a part of its private placement funding programme.

Pfandbriefbank, the Swiss mortgage lender, printed a dual tranche covered bond on Friday, drawing strong demand from local insurance companies and pension funds for the longer tranche of the deal.

The equity-linked market in Europe has been quiet since Total SA’s $1.2bn deal on November 25, but on Wednesday a very different deal was executed successfully by Basilea Pharmaceutica, a small and still unprofitable Swiss drug company.

The Central American Bank for Economic Integration (Cabei) sold its second Swiss franc deal for the year on Monday, drawing demand from Swiss asset managers.