Santander Brasil Sidesteps Volatility with CHF

Jun 4, 2013

Banco Santander Brasil has raised CHF125m ($131m) in the Swiss bond market, which a bank official describes as remaining attractive and stable despite broader volatility. “Equities were a bit negative, but we have seen a strong Swiss franc market over the past weeks and decided to go ahead with a transaction,” Alvaro Carbajosa, Santander Brasil’s head of international funding, tells LatinFinance. The new...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management