Commercial Bank successfully taps Swiss Franc bond market

Commercial Bank has successfully re-accessed the CHF bond market with a CHF 150m benchmark transaction, bringing its total take out from the market to CHF 335m in less than six months.

The transaction marked the Bank’s fifth offering in the CHF market since its return in 2018 with the largest CHF bond issuance from the MENA region. This brings total issuance volume to CHF 920m in the last three years. By targeting a 3-year tenor, Commercial Bank catered to pent-up investor demand for short-dated bonds with a positive yield.