Credit Suisse follows ratings upgrade with new AT1
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 ...