Cabei Visits CHF Market

Cabei has raised CHF150m ($164m) in new 2020 bonds, according to people familiar with the matter, its first deal in Switzerland since 2010. The bond priced at 100.198 with a 1.50% coupon to yield 1.47%, or mid-swaps plus 80bp. Proceeds are for general funding purposes. UBS managed the deal, rated A/A2. Cabei did a CHF150m 3-year bond in its first visit in 2010, landing at MS+150bp.