Martin Blessing, head of UBS Switzerland, sees interest rates remaining low in Switzerland for some time to come. (Interview with the NZZ, 3.6.2017). He expects that the key rate will only return to 0% in 2019. As a precurser to this, though, the ECB would have to raise interest rates. It will do so only in small incremental steps – with none in the rest of this year. The Swiss National Bank can only follow the ECB after a certain time interval. It is therefore particularly worthwhile for German companies to think about a Swiss bond which, when combined with hedging to the euro, is an interesting proposition. In addition, unlike in Germany, there are no total failures on the Swiss market, and the overall sentiment concerning bonds is positive.
Through our good connections in the Swiss banking market, JCC AG is in a position to set up such bonds in Switzerland. Please do not hesitate to contact us for further information.