Despite the growing financial crisis, Compagnie de Financement Foncier got the third quarter off to a good start by issuing CHF200M on a 2012 maturity.
The only Covered Bond issue on this part of the Swiss Franc curve, it was a great success with investors who were reassured by Compagnie de Financement Foncier’s solid AAA rating.
Insurance companies with 35% and Pension Funds with 31% represent the majority of orders followed by Asset Managers with 13% and Private Banks with 10%. Funds investing in Rate products and Banks with respectively 5% and 6% make up the rest.
