CS underlines favourable market conditions with uncommon trades

CSLondon_Adobe_575x375
By David Freitas
12 May 2020

Credit Suisse has become the first Swiss bank to issue a green bond in the euro market, and has also marketed a rare floating rate note. The trades were testament to improving market conditions and the ability for strong names to sell less common products.

Not wanting to miss out on improving market conditions, the Swiss bank marketed a dual-tranche senior offering on Monday: a €500m no-grow five year senior bond in green format and a two year benchmark-sized floating rate note.

The Swiss bank chose ABN Amro, its own investment bank, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial