Fonplata preps more Swiss notes

Fonplata preps more Swiss notes

Corporate & Sovereign Strategy Bonds Debt Fixed Income Latin America Andean Capital Markets

Fonplata, the regional development bank for the Río de la Plata basin in South America, is looking to sell CHF100 million to CHF150 million ($109 million to $164 million) worth of seven-year bonds in the Swiss market as early as Monday, a source involved in the deal told LatinFinance. Fonplata started calling investors on Friday with Credit Suisse as the sole bookrunner on the sale, the source said. S&P Global Ratings upgraded Fonplata to A from A- in September, saying the development bank h

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