ZKB
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Hard limits prevented Cembra from tightening beyond 80bp over Saron -
◆ Only 10bp-15bp needed to seal sophomore euro sale ◆ Little investor attrition as interest for the format grows
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◆ Scotia unearths arbitrage and a greenium in Swissies ◆ Label fuels demand among asset managers for inaugural note ◆ Aktia eyes Swiss franc debut of its own
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Higher rates and name recognition fuelled the tightest corporate print since June
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Finnish agency finds demand for short dated deal despite dwindling pool of investors
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◆ New name complements euro funding with inaugural Swissie sale ◆ Currency debut lands flat to euros despite wider spread ◆ 100bp needed to seal size
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Long end scarcity fuels demand for exceptionally tight 15 year tranche
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Power grid prices deal 10bp through its own curve
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Swiss lender joins a string of novel names in the euro FIG pipeline
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Issuer solves bail-in equity riddle with certificate solution and eyes euro market next
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Inaugural deal attracted strong demand and overcame wider Swiss bank uncertainty
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Changes to how cantonal bank debt is written down has enabled Swiss bank to issue
