Switzerland
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Middle market investment bank Baird has hired a head of investment banking for Germany, Austria and Switzerland, a new role at the firm.
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Oil trader Vitol has mandated five banks to lead its $7.5bn refinancing and will launch the deal imminently, according to a banker on the deal. -
Symetis, a Swiss company that makes artificial heart valves, began investor education on Tuesday for an IPO of up to Sfr80m on SIX Swiss Exchange.
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Swiss-based commodities firm ECOM Agroindustrial, which specialises in supplying coffee, cotton and cocoa, has mandated banks to arrange its $450m one year refinancing.
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Swiss-headquartered oil trader Vitol is in talks with banks to refinance credit facilities of up to $7.5bn, according to a banker on the deal, as commodity prices hit record lows.
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UBS has taken over $7.5bn of orders for its latest AT1 offering, an impressive feat given the trade was Reg S only and was executed on the last Friday of July.
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Zurich-based Swiss Reinsurance Company (Swiss Re) received the first quota in the RMB qualified foreign institutional investors (RQFII) programme among Swiss asset managers on July 29, according to the latest data from the State Administration of Foreign Exchange (Safe).
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European banks are being urged to use a wide open dollar market before the US Federal Reserve hikes rates later this year, with Royal Bank of Scotland and UBS already lining up dollar additional tier one trades, writes Tom Porter.
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Citigroup has hired Deutsche Bank’s head of equity capital markets for France to build its market share across France, Benelux and Switzerland.
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UBS will begin issuing TLAC-eligible holding company debt in the third quarter of this year, when it also plans to return to the additional tier one (AT1) market it debuted in earlier this year.
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Swiss travel retailer Dufry began roadshowing on Monday its €500m high yield bond, part of the financing package to support its buyout of World Duty Free.
