Credit Suisse attracts heavy demand on fine return to AT1

Tyler Davies

January 24, 2017 01:00 pm

Credit_Suisse_AP_230x150 — FILE - In this Oct. 31 2011 file picture the logo of Swiss bank Credit Suisse is photographed in Zurich, Switzerland. Credit Suisse Group will buy Morgan Stanley's wealth management businesses in Europe, the Middle East and Africa, but not in Switzerland. Switzerland's second-largest bank says it is acquiring US$13 billion in assets mostly belonging to wealthy people across Europe, but it didn't disclose further details. Romeo Lacher, head of Credit Suisse's Western Europe private banking, said Wednesday March 27, 2013 the deal will accelerate "growth momentum" in the wealth management business. He suggested the new employees would be retained. (AP Photo/Keystone,Steffen Schmidt,File) | Steffen Schmidt/AP

Investors were clamouring this week to get hold of Credit Suisse’s first dollar additional tier one in more than two and a half years, as the Swiss lender raised $1.5bn of new capital shortly after agreeing to pay $5.3bn to settle a civil lawsuit in the US.

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Topics

Bank Capital Switzerland Credit Suisse Europe EMEA FIG

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Tyler Davies