Swiss match EU for speed of Eurobond listing

Author: | Published: 1 May 2005

Swiss Exchange SWX successfully listed its first Eurobond in late March, listing a $125 million offering by Brazilian bank Banco Itau in six weeks, around the same amount of time for a first time issuer to list bonds on the London or Luxembourg stock exchanges.

Banco Itau's deal is the first listing of Eurobonds under SWX's new regime, introduced on February 1. "The choice of SWX listing reflects a desire by Banco Itau to avoid additional requirements of the new EU directives," said David Fenwick, Linklaters' managing partner in...