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Swissie investors target quality not quantity
Swiss franc bond investors are pursuing high quality issues, with Münchener Hypothekenbank harnessing this demand to price a tap of its green preferred senior bond 12bp through fair value this week.
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Deutsche Bahn steams into Swissies
After a near two year absence, Deutsche Bahn pulled into the Swiss franc market to issue 15 year debt with no new issue premium this week, landing inside its own euro curve.
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Raiffeisen back for more Swissie bail-in paper
Raiffeisen Schweiz kicked off its 2021 funding year with an opportunistic Swiss franc dual tranche bail-in bond on Wednesday, landing about 10bp tighter than where it debuted last October.
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Flughafen Zürich flies into quiet Swiss mart
Flughafen Zürich sold its first deal this week since it lost its double-A rating in July, finding the opportunity to price a Sfr200m bond at an “aggressive” level.
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Swiss franc green issuance set to bloom
The green bond market is set to grow in Swiss francs, as domestic investors turn towards the product. This week, Swiss Prime Site, a local real estate developer, made use of this demand to sell one of the largest Swissie real estate bonds in over six years.
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Ford loads up Sfr230m in Swissie return
Ford shrugged off its loss of investment grade status to return to the Swiss franc market this week after a 19 year absence to print a three year deal targeted at private bank investors.
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CDC finishes public funding in Swissies
French agency Caisse des Dépôts et Consignations finished its 2020 syndicated funding programme with a visit to the Swiss market this week, printing an extremely tight deal through the high quality domestic covered bond curve.
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Raiffeisen prints Swissie bail-in bond
Raiffeisen Schweiz brought a rare Swiss bail-inable bond to the market on Thursday, issuing Sfr325m ($358.3m) across two tranches to help replenish its capital structure.
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Asset managers drive corporate Swissie demand
Givaudan and Nant de Drance attracted big order books this week, driven by demand from asset managers, allowing both to price Swiss franc bonds through fair value.
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Raiffeisen surprises with Swissie AT1
Raiffeisen Schweiz surpassed expectations with a self-led additional tier one (AT1) deal on Wednesday, printing Sfr525m ($572.4m) after finding strong international demand.
Zuercher Kantonalbank - ZKB In The Key League Tables
Asset | Rank | STLY | Amount $bn | No of issues | Share % | STLY Share % |
---|---|---|---|---|---|---|
|
||||||
All Swiss Franc Bonds | 2 | 4 | 0.81 | 5 | 19.42% | 10.07% |
Bookrunners of European Structured Finance | 24 | 0.61 | 4 | 0.94% | ||
Global Green Bonds | 25 | 0.11 | 1 | 1.14% |
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Bank Profiles
Latest news by market and league table performance
Bond Comments
-
Land NRW EUR1.5bn 0.2% Jan 51
-
UK GBP6.5bn 0.875% Jan 46
-
Cades GBP1.5bn 0.125% Dec 25 social bond
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France EUR7bn 0.5% May 72
-
NWB EUR500m 0% Feb 37
-
EIB EUR1bn FRN Jan 28
-
AIIB USD3bn 0.5% Jan 26 sustainable development bond
-
Banque Fédérative du Crédit Mutuel GBP400m 0.875% Dec 27
-
Erste Group Bank EUR500m 0.25% Jan 31
-
SNCF SA EUR1.5bn 1% Jan 61
-
Spain EUR10bn 0.1% Apr 31
-
CEB EUR1bn 0% Jan 31
-
World Bank EUR2bn 0.2% Jan 61
-
NIB USD1.25bn 0.5% Jan 26
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EFSF EUR3bn 0% Jan 31, EFSF EUR2bn 0.05% Jan 52
All International Bonds
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | JPMorgan | 28.16 | 118 | 8.09% |
2 | Citi | 27.35 | 87 | 7.86% |
3 | BofA Securities | 20.32 | 74 | 5.84% |
4 | BNP Paribas | 19.76 | 67 | 5.68% |
5 | HSBC | 19.56 | 72 | 5.62% |
Bookrunners of All Syndicated Loans EMEA
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | BNP Paribas | 60.87 | 123 | 14.06% |
2 | Credit Agricole CIB | 28.59 | 93 | 6.60% |
3 | Santander | 25.41 | 90 | 5.87% |
4 | JPMorgan | 23.88 | 61 | 5.52% |
5 | UniCredit | 21.51 | 103 | 4.97% |
Bookrunners of all EMEA ECM Issuance
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | Morgan Stanley | 0.94 | 4 | 13.47% |
2 | Goldman Sachs | 0.78 | 5 | 11.09% |
3 | Credit Suisse | 0.67 | 3 | 9.64% |
4 | HSBC | 0.61 | 3 | 8.77% |
5 | BofA Securities | 0.61 | 2 | 8.70% |