3.2.2011
Municipality Finance Plc issues two CHF public transactions

On the second week of January, 2011 Municipality Finance (MuniFin), rated Aaa/AAA, returned to the CHF market with two transactions. The first trade was a fixed rate CHF 150 million 7-year note due February 2018 in where Credit Suisse and UBS acted as joint bookrunners.

The other trade was a CHF 250 million 2-year floating rate note due February 2013. Deutsche Bank acted as a joint bookrunner in this transaction. The demand for the  fixed rate transaction was mosty driven by the Swiss Insurance companies, private banks and asset managers. The floating rate note was largely distributed to Swiss bank treasuries.  “The Swiss market has always been a very strategic and important funding market for us, both from the diversification and  duration point of view”, says Joakim Holmström, Head of Funding at Municipality Finance Plc.