SWISS FRANCS

摘要

The Swiss property company mandated Credit Suisse, UBS and ZKB to lead a SFr200m five-year due December 2019 and a SFrlOOm 10-year due December 2024. SPS is unrated by the international agencies, but carries CS mid BBB (stable), UBS BBB (positive) and ZKB BBB+ (stable) internal ratings. After a quick softsound on Monday morning at mid-swaps plus 90bp-95bp and plus 130bp-135bp, books opened at the tight end for the fives and the wide end for the 10s, at swaps plus 90bp area with an expected 1% coupon and plus 135bp area with an expected 2% coupon.