Credit Suisse Group issue USD 3.25 bn bail-inable notes. The advisor
Homburger advised Credit Suisse Group on the completion on May 14, 2021 of the issuance of USD 3.25 bn 3.091% Fixed Rate/Floating Rate Senior Callable Notes due 2032 under its U.S. Senior Debt Program. The Notes are bail-inable bonds that are eligible to count towards Credit Suisse’s Swiss gone concern requirement.
Homburger advised Credit Suisse following all aspects of Swiss law with a team was led by partner Benjamin Leisinger (capital markets, pictured) and included partners René Bösch (capital markets) and Dieter Grünblatt (tax), as along with counsel Lee Saladino and associates Andrea Ziswiler and Sofiya Shavlak (all capital markets).
The offering of the Notes was done in reliance on Rule 144A and Regulations under the U.S. Securities Act. The Notes have been provisionally admitted to trading, and application has been made for admission and listing of the Notes, on the SIX Swiss Exchange.
