Homburger advises Credit Suisse Group on the placement of two series of Mandatory Convertible Notes

On April 22, 2021 Credit Suisse Group AG announced the placement of two series of Mandatory Convertible Notes due 2021, which will be issued through a Guernsey finance vehicle and convertible into a total of 203 million shares of, and guaranteed by, Credit Suisse Group AG. The MCNs are expected to be priced on April 23 after close of trading, be issued on May 12, and mature on November 12, 2021.

The Homburger team is co-lead by partners René Bösch and Benjamin Leisinger (both Capital Markets) and includes partners Dieter Grünblatt (Tax) and Claude Lambert (Corporate / M&A), counsel Lee Saladino and Eduard De Zordi (both Capital Markets), and associates Sofiya Shavlak and Olivier Baum (both Capital Markets), as well as associates Anna Peter, Lorenzo Togni and Mirko Stiefel (all Corporate / M&A).