Banco General joins Swiss FIG parade

Banco General joins Swiss FIG parade

Bonds

Banco General sold a 1.625% CHF180m ($201m) bond on Wednesday, adding CHF30m to the planned size in a deal that is thought to be the first from a Panamanian company in Swiss francs. The BBB/BBB+ rated bank sold the bond at 140bp over mid-swaps. That was in line with the initial price guidance announced by lead managers Credit Suisse and Deutsche Bank, but below whispers of 145bp to 150bp heard earlier. The bond was priced at 100.067, equal to a 1.607% yield. General was attracted to the Swiss

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