Homburger advised Credit Suisse Group AG on its issuance of USD 2 bn notes

On November 14, 2022, Credit Suisse Group AG successfully completed the issuance of USD 2 bn 9.016% Fixed Rate/Floating Rate Senior Callable Notes due 2033 under its U.S. Senior Debt Program. The Notes are bail-inable bonds that are eligible to count towards Credit Suisse’s Swiss gone concern requirement.

The offering of the Notes was done in reliance on Rule 144A and Regulation S under the U.S. Securities Act. 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 co-led by Benjamin Leisinger and Lee Saladino and included Sofiya Shavlak (all Capital Markets). Tax advice was rendered by Dieter Grünblatt (Tax).