Homburger advised Credit Suisse Group on its issuance of Usd 3 bn and Eur 2 bn bail-inable notes

In late March 2020, Credit Suisse Group launched the issuance of Usd 3 bn 4.194% fixed rate/floating rate senior callable notes due 2031 under its Us Senior Debt Program and the issuance of Eur 2 bn 3.250% fixed rate reset senior callable notes due 2026 under its Euro Medium Term Note (EMTN) Programme. These transactions were respectively consummated on April 1 and April 2. The notes are bail-inable bonds that are eligible to count towards Credit Suisse’s Swiss gone concern requirement.
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) and Dieter Grünblatt (tax), counsel Lee Saladino and associates Andrea Ziswiler and Olivier Baum (all capital markets).