Thursday, December 1, 2022
Mic Drop Politics
Most Popular

Credit Suisse to buy back $3 billion of debt securities

Reuters October 7, 2022 Business Comments Off on Credit Suisse to buy back $3 billion of debt securities

ZURICH (Reuters) -Credit Suisse said on Friday it has made an offer to repurchase up to 3 billion Swiss francs ($3 billion) of senior debt securities.

“The transactions are consistent with our proactive approach to managing our overall liability composition and optimizing interest expense and allow us to take advantage of market conditions to repurchase debt at attractive prices,” the bank said in a statement.

The lender said it was making a cash tender offer in relation to eight euro or pound sterling denominated senior debt securities for an aggregate consideration of up to 1 billion euros.

At the same time it was also making a cash offer to buy back 12 U.S. dollar denominated senior debt securities for an aggregate consideration of up to $2 billion.

The offers will expire on Nov. 3 and Nov. 10 respectively, subject to the terms and conditions set out in the offer documents, it added.

($1 = 0.9897 Swiss francs)

(Reporting by John Revill; Editing by Muralikumar Anantharaman and Edwina Gibbs)

Like this Article? Share it!

About The Author


Most Popular

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More



Most Popular
Sponsored Content

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More

Comments are closed.