Homburger advised Credit Suisse Group AG on its issuance of EUR 1.25 bn bail-inable notes
On January 14, 2020, Credit Suisse Group AG (Credit Suisse) successfully completed the issuance of EUR 1.25 bn 0.650% Fixed Rate Reset Senior Callable Notes due 2028 (the Notes) under its Euro Medium Term Note (EMTN) Programme. The Notes are bail-inable bonds that are eligible to count towards Credit Suisse’s Swiss gone concern requirement.
The Notes have been provisionally admitted to trading, and application has been made for admission and 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 partners Benjamin Leisinger (Capital Markets) and Dieter Grünblatt (Tax), as well as counsel Lee Saladino and associate Andrea Ziswiler (both Capital Markets).