Credit Suisse issued USD 1.5 bn bail-inable notes and registered offering of USD 2 bn fixed rate senior notes: the advisor

On June 2, 2020, Credit Suisse launched, and on June 5, 2020, completed, the issuance of USD 1.5 bn 2.193% Senior Notes due 2026 by Credit Suisse Group, which are bail-inable bonds that are eligible to count towards Credit Suisse Group’s Swiss gone concern requirement, and the issuance of USD 2 bn aggregate principal amount of 1.000% Senior Notes due 2023 by Credit Suisse pursuant to its shelf registration statement filed with the U.S. Securities and Exchange Commission.

The team

Homburger advised Credit Suisse with respect to all aspects of Swiss law. The team was led by partner René Bösch (capital markets) and included partners Benjamin Leisinger (capital markets – pictured) and Dieter Grünblatt (tax), as well as counsel Lee Saladino (capital markets) and associate Olivier Baum (capital markets).