Credit Suisse follows ratings upgrade with new AT1

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By Tyler Davies
02 Dec 2020

Credit Suisse gave investors an opportunity to buy new additional tier one (AT1) paper in the dollar market on Wednesday, shortly after receiving a credit ratings upgrade from Moody’s.

The Swiss firm opened books on a perpetual non-call 10 year trade through its own investment bank. 

It started the pricing for the Reg S/144a registered print in the 5% area on Wednesday morning. 

There had been no further updates in time for publication. But market participants ...

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