Compagnie de Financement Foncier issued a covered bond in Swiss Francs with a 10-year maturity. It’s the market’s longer covered bond issued in Swiss Francs in the last year.
Compagnie de Financement Foncier took advantage of investors’ interest for the long part of the curve.
In terms of distribution by investor type, asset managers/pension funds represented the largest share with 58%, private banks 27% and insurers 15%. The significant orders gathered from private banks are to be pointed out given that retail investors usually concentrate on shorter-dated paper.
