Switzerland

Nestlé brought a £100m tap to market on Tuesday, seizing the chance for an opportunistic trade that enlarged a bond issued in December.

Mondelez, the US food and beverage company, on Tuesday priced a dual tranche Swiss franc deal extending its run of Swiss deals to three and drawing praise for its blinding start in the currency.

Australian lender, Macquarie Bank printed an eight year Swiss franc bond on Monday, mimicking its compatriot National Australia Bank's effort a weak earlier.

Canton of Schwyz printed a seven year note with a negative yield on Monday, with what was its first Swiss franc bond since 2011.

Westpac New Zealand launched an eight year Swiss franc deal on Friday, making it the second international issuer in the market this week.

National Australia Bank (NAB) priced a seven year Swiss franc note this week, 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.

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.