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...

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