Homburger advised Credit Suisse Group AG on its issuance of an aggregate of EUR 3 bn bail-inable notes

On November 14, 2022, Credit Suisse Group AG successfully completed its issuance of EUR 3 bn aggregate principal amount of 7.750 per cent. Fixed Rate Reset Senior Callable Notes due 2029 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 Benjamin Leisinger and Lee Saladino and included Sofiya Shavlak (all Capital Markets). Tax advice was rendered by Dieter Grünblatt (Tax).