Credit Suisse breaks open euro Coco market
Credit Suisse on Wednesday took a step into untested waters, opening books on a 12 year non-call seven low-trigger contingent capital trade, the first euro Coco ever to hit the market. The deal came after Crédit Agricole was forced to postpone its debut Coco to make last minute changes to the documentation. Elsewhere, Intesa Sanpaolo Vita priced a €500m five year tier two bullet.
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