Corp Bonds - Swiss franc

Chilean credit union Cooperativa del Personal de la Universidad de Chile (Coopeuch) joins the ranks of Chilean borrowers welcomed into the Swiss franc bond market. Thursday’s outing further illustrates that the love affair of the Chilean borrower and Swiss buyer not only endures but burns brightly.

Gazprom will return to Switzerland next week for roadshows in Geneva and Zurich. And, as retail taste for sub-investment grade credit grows, the bookrunners are confident the Russian gas firm will attract demand.

Swiss management firm Helvetia Environnement Groupe (HEG), a BB- rated debut borrower, raised Sfr75m ($77m) with a five year green bond on Wednesday, in under two hours. A series of sub-investment grade issuers have made an impression on the Swiss market recently — a sign, Swiss bankers believe, of Swiss lenders’ growing ease with lower-rated credits.

MSC Cruises, the European cruise company, raised Sfr335m ($343.34m) in the Swiss bond market on Thursday, a record size for an unrated issuer which left the market wondering if a new type of borrower has found a Swiss home.

MSC Cruises, the European cruise company, raised Sfr335m ($343.6m) in the Swiss bond market on Thursday — a record size for an unrated issuer, which left the market wondering if a new type of borrower has found a Swiss home.

The Swiss franc bond market saw its first Matterhorn –– a foreign deal of Sfr1bn ($1.02bn) or more — of the year on Wednesday, and the first from a BBB issuer, as Verizon Communication raised Sfr1bn with its debut. It was a sign that Switzerland has once again become an attractive destination for international borrowers, writes Silas Brown.

Verizon Communications will meet Swiss investors on Tuesday afternoon to discuss an inaugural Swiss franc bond.

Flughafen Zurich, the company responsible for operating Zurich airport, offered Swiss franc bond investors a 12 year note on Monday as the market soared on Emmanuel Macron’s ascendance to the French presidency.

Hiag Immobilien, the Swiss property developer, reopened the Swiss franc bond market on Wednesday after three weeks without a new issue. Low levels of issuance have allowed Swiss property firms an easy ride in bond markets in 2017.

Hiag Immobilien, the Swiss property developer, reopened the Swiss franc bond market on Wednesday after three weeks without a new issue. The market's drought has allowed Swiss property firms an easy ride in bond markets in 2017.

Basis swap levels, which have deprived Swiss bond investors of international corporate supply for much of the last year have improved sharply. But issuers are still keeping away with wider spreads to blame.

Swiss Prime Site, LGT Bank and the City of Zurich took advantage of a quiet market, placing Swiss franc bonds with domestic investors before Easter holidays.