Buyers flood in as Credit Suisse returns to Cocos

Credit Suisse made its return to the public Coco market after more than two years on Thursday, opening books on a 10 year Reg S/144A dollar bullet, with a low trigger for permanent principal write-down. The deal is the first time CS has brought a new public subordinated bond since the dual tranche Swiss franc and US dollar Coco it printed in February 2011.