CAF Hits up Swiss, Looks to Japan

CAF Hits up Swiss, Looks to Japan

Bonds Structured Finance Japan Europe

CAF has raised CHF250m ($261m) in new 2015 bonds in the Swiss market, and is closing in on a new Japanese bond. The Swiss bonds priced at 100.334 with a 2.625% coupon to yield 2.650%, or mid-swaps plus 146bp, in line with mid-swaps plus 147bp guidance. The deal was upsized from CHF150m, according to a CAF official, as demand topped CHF250m. Some 40 investors participated. It is the second-ever Swiss issue for CAF, following a CHF200m sale in 2008. The multilateral lender may also price a Samurai

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