Authorisation restrictions and investor demand drove MACCS structure, says Credit Suisse
Investor preference for a short dated mandatory convertible combined with restrictions in two of the four authorisations that were being used drove Credit Suisse to choose a short-dated convertible structure for its equity clawback-style deal, bankers close to the deal said on Monday.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts