Credit Suisse Group AG’s $3.25 Billion Bail-inable Notes Offering

Homburger advised Credit Suisse Group AG on the deal.

Credit Suisse Group AG launched and successfully completed the issuance of USD 3.25 bn 3.091% Fixed Rate/Floating Rate Senior Callable Notes due 2032 under its U.S. Senior Debt Program. The Notes are bail-inable bonds that are eligible to count towards Credit Suisse’s Swiss gone concern requirement.

The offering of the Notes was done in reliance on Rule 144A and Regulation S under the U.S. Securities Act. The Notes have been provisionally admitted to trading, and application has been made for admission and listing of the Notes, on the SIX Swiss Exchange.

The Homburger team was led by partner Benjamin Leisinger (Picture – Capital Markets) and included partners René Bösch (Capital Markets) and Dieter Grünblatt (Tax), as well as counsel Lee Saladino and associates Andrea Ziswiler and Sofiya Shavlak (all Capital Markets).

Involved fees earner: René Bösch – Homburger; Dieter Grünblatt – Homburger; Benjamin Leisinger – Homburger; Lee Saladino – Homburger; Sofiya Shavlak – Homburger; Andrea Ziswiler – Homburger;

Law Firms: Homburger;

Clients: Credit Suisse;

Author: Federica Tiefenthaler