Swiss DCM / LevFin Bible -
Full Access

The complete reference. Swiss Debt Capital Markets and Leveraged Finance explained from the ground up. The Swiss bond market, FinSA prospectus rules, the 10/20 non-bank rule, LevFin capital stacks, ratings and covenants.

What you get

• The Swiss domestic bond market (structure, SIX SIS settlement, liquidity)
• The FinSA bond prospectus (content, review periods, exemptions)
• The IG bond process and timeline, pricing benchmarks (mid-swap, spread, NIP)
• The full LevFin capital stack: TLA, TLB, RCF, second lien, mezzanine, HY bonds
• The Highly Confident Letter, covenant types (maintenance, incurrence, baskets, builders, EBITDA add-backs)
• Ratings explained: S&P, Moody's, Fitch — methodology, drivers, watch lists
• Swiss withholding tax and the 10/20 non-bank rule (why it shapes Swiss issuance)
• 8 things bankers also watch (rate environment, basis swaps, call protection, MAC clauses, sustainability-linked features)
• Sourced to SIX, FINMA, FinSA, Swiss FTA, rating agencies and Swiss law firms