Credit Suisse extends TLAC run with new sterling deal

By Tyler Davies
02 Jun 2020

Credit Suisse launched its first sterling bonds of the year on Tuesday, moving to within touching distance of completing its annual issuance plan for its total loss absorbing capacity requirements (TLAC).

Credit Suisse Group opened books on a new eight year non-call seven senior bond with initial price thoughts in the 240bp area over Gilts.

Lloyds and NatWest Markets were joint lead managers on the deal, but Credit Suisse was the sole bookrunner.

By 10.30am in London ...

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