Credit Suisse finds window for record low AT1 print

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Asia

Credit Suisse finds window for record low AT1 print

Tyler Davies
December 03, 2020 05:00 PM
Credit_Suisse_PA_575x375_021220
A sign for the New York headquarters of Credit Suisse on Madison Ave. on Saturday, December 27, 2014. Credit Suisse Group AG and Deutsche Bank AG have agreed to a settlement of $12.5 billion between the two banks resolving DoJ investigations into their alleged culpability in the financial crisis. (Photo by Richard B. Levine) *** Please Use Credit from Credit Field *** | Richard B. Levine/SIPA USA/PA Images

Credit Suisse took advantage of a ferocious rally in subordinated debt to land its lowest ever coupon for an additional tier one (AT1) in dollars this week. The deal was also the Swiss bank’s debut use of Sofr to hedge interest rate risk on new issuance.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Credit SuisseEMEASwitzerlandBank CapitalAsia PacificEuropeRegulatory CapitalFIGAsia
TD
Tyler Davies
Gift this article