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.
