Credit Suisse goes long in senior format
Credit Suisse was marketing a 10 year bullet senior bond on Tuesday, avoiding negative yields by choosing a tenor longer than seven years. At the same time, Sparebank 1 announced it was readying its green debut in senior format.
Credit Suisse opened books on its 10 year bullet senior bond on Tuesday morning.
Acting as sole bookrunner, the Swiss bank kicked off the transaction with price thoughts of 115bp area over mid swaps.Two hours into the trade, it said that demand stood at over €1.5bn. ...