Homburger advised Credit Suisse Group on its issuance of USD 2 bn bail-inable notes
On January 26, 2021, Credit Suisse Group AG launched, and on February 2, 2021, successfully completed, the issuance of USD 2 bn 1.305% Fixed Rate/Floating Rate Senior Callable Notes due 2027 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.
The offering of the Notes was done in reliance on Rule 144A and Regulation S 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.