Credit Suisse offers to buy back $3bn of its bonds

Mark Battersby
clock • 1 min read

Credit Suisse Group said on 7 October that it is offering to repurchase debt securities for around $3bn as the Swiss-headquartered global banking group seeks to control its liabilities ahead of a restructuring. It is offering to buy back eight euro-or pound sterling-denominated senior debt securities for a total of up to €1bn and 12 dollar-denominated securities for up to $2bn.  Both offers are subject to various conditions and will expire on 3 November and 10 November respectively, Credit Suisse said. "The transactions are consistent with our proactive approach to managing our ove...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login