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'We have indeed seen a lot of new issuance year-on-year and in that sense the collapse of Credit Suisse has not had any impact on the primary market so far,' said Markus Thoeny.
(Bloomberg) -- For the past two decades, Credit Suisse Group AG dominated the business of arranging Swiss franc bond sales. Its sudden collapse presents an opportunity for the likes of Deutsche Bank AG and BNP Paribas SA in a market that saw $59 billion in deals last year. Some of the business will probably be picked up by acquirer UBS Group AG, but given that they already arrange a quarter of so-called Swissie sales — and because it’s not clear what the debt sales business will look like in the merged bank — there may be an opening for others. Deutsche Bank, Commerzbank AG and BNP Parib...