Banco Pine Plans CHF Bonds

Brazils’ Banco Pine plans to sell CHF100m ($104m) in bonds in the Swiss market, according to Fitch, who assigns a BB rating. The 2.5-year bond would be the issuer’s first in Switzerland, according to Dealogic data. A bank spokesperson declines to comment on the sale. LatAm issuance in Europe has slowed thanks to the increasing worry about the Eurozone’s future. The last CHF issuer from LatAm was Santander Brasil, with a CHF150m sale in March.