Incumbent operator Swisscom has priced SFr160m (US$170m) of 1.5% 15-year notes at 101.724 to yield 1.44%, 24 bps over mid-swaps.
UBS and Zuercher Kantonalbank are lead managers on the offering, which is set to close by the end of the month.
Ratings…
Incumbent operator Swisscom has priced SFr160m (US$170m) of 1.5% 15-year notes at 101.724 to yield 1.44%, 24 bps over mid-swaps.
UBS and Zuercher Kantonalbank are lead managers on the offering, which is set to close by the end of the month.
Ratings agency Moody’s has assigned the notes an A2 rating, according to a term sheet distributed by Reuters.
Swisscom’s last bond was issued in June to raise SFr200m. The Berne-based operator has recently acquired local marketing and media company PubliGroupe following a SFr475m takeover bid.
