Crédit Agricole next bank (Suisse) SA’s CHF 200 Million Notes Offering


Bär & Karrer acted as counsel to Crédit Agricole next bank (Suisse) in connection with the initial issuance of covered bonds thereunder. Niederer Kraft Frey advised Credit Suisse as Arranger on the deal.

Crédit Agricole next bank (Suisse) SA successfully completed the inaugural issuance of CHF 200 million Series 2020-1 0.070 per cent. fixed rate Covered Bonds due September 2029 (with extended maturity date September 2030). The Covered Bonds are listed on SIX Swiss Exchange and rated “AAA” by Fitch.

Credit Suisse AG and Crédit Agricole CIB acted as Joint Lead Manager.

Bär & Karrer acted as counsel to Crédit Agricole in the transaction with a team included Frédéric Bétrisey, Tatiana Ayranova and Vera Waldburger (all Banking/Capital Markets), as well as Christoph Suter and David Weimann (both Tax).

Niederer Kraft Frey advised Credit Suisse on the deal with a team led by partner Daniel Bono (Picture), working with senior associates Christine Hohl and Giulia Ghezzi and associate Aurèle Bertrand (all Capital Markets). Tax advice was provided by partners Markus Kronauer, Christina Rinne (VAT), counsel Elga Reana Tozzi, associates Sven Kälin and Arbnor Sheholli.

Involved fees earner: Tatiana Ayranova – Bär & Karrer; Frédéric Bétrisey – Bär & Karrer; Christoph Suter – Bär & Karrer; Vera Waldburger – Bär & Karrer; David Weimann – Bär & Karrer; Aurèle Bertrand – Niederer Kraft Frey Ltd; Daniel Bono – Niederer Kraft Frey Ltd; Giulia Ghezzi – Niederer Kraft Frey Ltd; Christine Hohl – Niederer Kraft Frey Ltd; Sven Kälin – Niederer Kraft Frey Ltd; Markus Kronauer – Niederer Kraft Frey Ltd; Christina Rinne – Niederer Kraft Frey Ltd; Arbnor Sheholli – Niederer Kraft Frey Ltd; Elga Reana Tozzi – Niederer Kraft Frey Ltd;

Law Firms: Bär & Karrer; Niederer Kraft Frey Ltd;

Clients: Credit Agricole; Credit Suisse;