Credit Suisse Prices $1.65bn PerpNC5.5 AT1 at 9.75%
Credit Suisse raised $1.65bn via a PerpNC5.5 AT1 bond at a yield of 9.75%. The bonds were launched at an initial guidance of 9.75% area. The junior subordinated notes are rated B+/BB (S&P/Fitch), lower than the issuer’s ratings of Baa1/BBB/BBB+...
Credit Suisse Warns of Third Straight Quarterly Loss; State Street Takeover Speculated
Credit Suisse Group AG has warned of a third straight quarterly loss for Q2 2022. The group cites volatile markets as the primary reason, where widening credit spreads and a drop in bond issuance have been straining their key business lines. In addition, clients...
Credit Suisse Weighing Capital Strengthening Options
Credit Suisse is said to be in early stages to strengthen its capital after losses have impacted the company in recent quarters, as per sources. The anonymous sources note that the size of the increase is likely to exceed CHF 1bn ($1.04bn). The mode of raising capital...
