Homburger advised Credit Suisse Group AG on its issuance of an aggregate of GBP 1.5 bn bail-inable notes

On September 7, 2022, Credit Suisse Group AG successfully completed its issuance of (i) GBP 750 m aggregate principal amount of 7.000 per cent. Fixed Rate Reset Senior Callable Notes due 2027 and (ii) GBP 750 m aggregate principal amount of 7.375 per cent. Fixed Rate Reset Senior Callable Notes due 2033 under its Medium Term Note Programme. The Notes are bail-inable bonds that are eligible to count towards Credit Suisse Group AG’s Swiss gone concern requirement.

The Notes have been provisionally admitted to trading, and application has been made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.

Homburger advised Credit Suisse Group AG with respect to all aspects of Swiss law. The Homburger team was co-led by partner Benjamin Leisinger and counsel Lee Saladino (both Capital Markets), and also included associate Sofiya Shavlak (Capital Markets) and partner Dieter Grünblatt (Tax).