Business · Markets · 17 hrs ago
Swiss bond issuance reaches record 89 billion francs by October
Swiss bond issuance reached 89 billion francs by the end of October, matching the full-year record set in 2009.
The total covers bonds launched on Switzerland’s primary market so far in 2026.
Domestic borrowers drove October’s strong activity, with 7.3 billion francs issued that month, the highest October total recorded, excluding federal government bonds.
Foreign borrowers issued only 800 million francs in October, the lowest monthly amount so far this year.
The record reflects strong borrowing at home, while uncertainty in international markets may have held back foreign issuers.
The Swiss market includes borrowers such as cantons, cities, banks and companies.
A full November issuance pipeline could lift the total further, and the Swiss Bankers Association’s figures show the 2009 record may also be beaten after adjusting for inflation.
Swiss bond issuance reached a record 89 billion francs by the end of October 2026.
The total surpassed the previous full-year record of 88.9 billion francs, set in 2009.
October issuance excluding Swiss Confederation bonds reached 7.3 billion francs, the highest October figure recorded, according to Zürcher Kantonalbank.
Domestic borrowers drove October issuance, while foreign borrowers issued 800 million francs, the lowest monthly amount so far in 2026.
Zürcher Kantonalbank said the November issuance pipeline was well filled.
- Who
- Borrowers issuing bonds on the Swiss primary market, led in October by domestic issuers.
- What
- Bond issuance reached a record 89 billion francs by October. October issuance excluding Swiss Confederation bonds totalled 7.3 billion francs.
- When
- By the end of October 2026; the article was published on November 4, 2026.
- Where
- The Swiss primary bond market.
- Why
- The record reflected bond issuance during 2026. The article says domestic borrowers drove October activity but does not state why issuance reached the annual record.
This story does not have two clearly opposing sides.
Swiss bond issuance set the previous annual record at 88.9 billion francs.
Issuance on the Swiss primary market reached 89 billion francs, surpassing the previous record.
Issuance excluding Swiss Confederation bonds reached 7.3 billion francs, a record for October.
Zürcher Kantonalbank described the issuance pipeline as well filled, and several borrowers had already issued bonds.
- 2026 issuance by October
- 89 billion francs
- Previous annual record
- 88.9 billion francs in 2009
- October issuance, excluding Swiss Confederation bonds
- 7.3 billion francs
- Foreign borrowers’ October issuance
- 800 million francs
- October bond-market turnover
- Around 10 billion francs, down 9.1% from a year earlier
What people are saying
Our debut on the Swiss bond market is an important step towards diversifying our sources of funding.