Swiss Bonds Draw Issuers From China to Chile on Lower Costs
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Swiss franc bonds are making a comeback for emerging-market issuers taking advantage of the cheapest yields in Europe.
Since Poland ended a five-month freeze on sales by emerging markets in the Swiss currency three weeks ago, issuers from Chile to China are turning to franc debt amid a global bond rout that’s driven up borrowing costs. The pipeline has room to grow as investors in Switzerland seek places to park their cash and borrowers take advantage of yields that are less than a 10th of German bunds.