Switzerland’s Panalpina finally made its debut in the bond market, announcing the placement of a CHF150m debt deal on Wednesday. This deal was unexpected, to me at least, but was undoubtedly welcome news after several years characterised by a very conservative approach to capital funding diversification.

When questioned about the nitty-gritty details of the issuance, the company today confirmed this is “the first time Panalpina is offering a bond. We were able to price the bond at a 1% coupon, which has met our ...

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