Deals & Cases

Homburger advised Credit Suisse Group AG on its issuance of EUR 1 bn bail-inable (TLAC) notes under its EMTN Programme

On June 24, 2019, Credit Suisse Group AG (Credit Suisse) successfully completed the issuance of EUR 1 bn 1.000% Fixed Rate Reset Senior Callable Notes due 2027 (the Notes) under its Euro Medium Term Note (EMTN) Programme. The Notes are governed by Swiss law, eligible to count towards Credit Suisse’s Swiss gone concern requirement and exempted from the Swiss withholding tax regime. The Notes have been admitted to trading, and application has been made for a listing of the Notes, on the SIX Swiss Exchange.

Homburger advised Credit Suisse with respect to all aspects of Swiss law. The Homburger team was led by partner René Bösch (Capital Markets) and included partner Dieter Grünblatt (Tax), as well as counsel Lee Saladino and associate Andreas Josuran (both Capital Markets).