CS brings ‘generous’ Swissie BCN at 7%-7.25%

07 Mar 2012

Credit Suisse launched its self-led 10 non-call five year tier two buffer capital note on Wednesday morning to much interest in the Swiss franc market, with rival bankers saying they expect the deal to go well.

Initial price guidance is 7%-7.25% and the deal will take a minimum size of Sfr250m. The bank expects to price the trade on Thursday.

Pricing is in line with Credit Suisse’s original plans and through the $2bn 7.875% 30 non-call five buffer capital note it issued in February last ...

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