Money for nothing and your Swiss for free

摘要

Triple-B rated US candy maker mondelez debuted in the Swiss market on Thursday with a triple-tranche deal that included free money for the shorter portion. After being mandated on Wednesday morning, leads Credit Suisse and UBS held an investor call that afternoon, before starting a feasibility check on Thursday morning. A two-year was sounded at a zero coupon with a zero yield, a long six-year due December 2021 at mid-swaps plus 60bp-65bp and a long 10-year due December 2025 at mid-swaps plus 77bp-83bp.