Credit Suisse Group AG’s €3 Billion Bail-inable Bonds Issue

Homburger advised Credit Suisse Group AG on its issuance.

Credit Suisse Group AG launched and successfully completed, the issuance of (i) EUR 1.5 bn aggregate principal amount of Floating Rate Senior Callable Notes due January 2026 and (ii) EUR 1.5 bn aggregate principal amount of 0.625 per cent. Fixed Rate Senior Callable Notes due 2033 (collectively, the Notes) under its Medium Term Note (MTN) Programme. 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 Regulation S under the U.S. Securities Act. The Notes have been provisionally admitted to trading, and application has been made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.

The Homburger team was led by Benjamin Leisinger (Picture) and included René Bösch, Lee Saladino, Olivier Baum and Dieter Grünblatt.

Involved fees earner: Olivier Baum – Homburger; René Bösch – Homburger; Dieter Grünblatt – Homburger; Benjamin Leisinger – Homburger; Lee Saladino – Homburger;

Law Firms: Homburger;

Clients: Credit Suisse;