Advanced Theory & Practice of Bonds

Recognized under IBF-FTS | 7-8 June 2022 | 12 CPD Hours

Comprehensive 2-day course on bonds designed for private bankers, wealth managers and advisors.

Credit Suisse has filed its first insurance claim following the collapse of its $10bn supply chain finance funds related to Greensill in March. The bank reported that some $7bn, or 70%, have now been recovered, up from $6.1bn in July. After the last payment in August, around $5.9bn have been returned to investors. Delayed payments had increased during the period and the bank indicated that around 85% of the outstanding notes related to overdue payments. Credit Suisse also reported that as of late August the funds had reached $2.5bn in late payments, $2.2bn of which were related to three single counterparties, including GFG Alliance.

Credit Suisse´s USD bonds were trading stable with its 6.375% Perps trading at 110.853, yielding 3.94%.

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