SIX Modernizes Fixed Income Primary Market

Today, Credit Suisse, Raiffeisen Schweiz Genossenschaft and UBS used SIX Deal Pool to inform investors about the latest bond issue of Pfandbriefbank with a placement volume of CHF 206 million. This marks the first usage of the new central and electronic support tool for the fixed income primary market in Switzerland. With the introduction of SIX Deal Pool, manual and bilateral processes are harmonized and simplified with a centralized electronic service used by both Buy-side and Sell-side.

SIX Deal Pool offers institutional investors and banks information about upcoming Swiss Franc bond offerings in a timely, standardized and convenient manner. Our microsite highlights the numerous benefits and allows institutional investors and banks to register for free in three simple steps.

SIX Deal Pool was developed by SIX in cooperation with the leading syndicate banks in Switzerland. As of today, SIX Deal Pool is supported by 16 syndicate banks. As a neutral provider, SIX makes the same information at exactly the same time available to all recipients and in a standardized format. As of today, already 472 institutional investors and banks have signed up and benefit from the efficient new workflow for managing and distributing new issue information.

Christian Reuss, Head Sales, Securities & Exchanges, SIX, commented: “SIX Deal Pool is a perfect example how we can provide new solutions to the marketplace that make it more efficient and less prone to error for the benefit of all stakeholders.” SIX Deal Pool has been developed in line with the mandate of SIX to develop and operate infrastructure services for the Swiss financial center and Swiss banks with the aim of increasing efficiency, quality and innovative capacity.

The bond segment on the Swiss stock exchange comprises a wide range of instruments. Issuers include sovereigns, supranational organizations, corporates and financial institutions. Approximately half of the ca. 1'800 listed bonds are from issuers from around 50 jurisdictions on all five continents. More information is available on the website of the Swiss stock exchange.