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Credit Suisse issues $750m rate notes

Credit Suisse issues $750m rate notes

Paul Jenkins

Ashurst has negotiated a multi-million dollar issuance of senior unsecured floating rate notes.

Firms: Ashurst (Credit Suisse AG, Sydney Branch)

Deal: The Sydney bank of Credit Suisse has issued rate notes under its Australian Debt Issuance Programme.

Value: $750 million

Area: Banking & Finance

Key players: The Ashurst team was headed up by finance partner Paul Jenkins.

Deal significance: The bank issued senior unsecured floating rate notes due 24 August 2018 under its Australian Debt Issuance Programme.

According to a statement from Ashurst, this is the bank’s second domestic deal under the programme in 2015.

Mr Jenkins suggested banking and finance activities were beginning to pick up in favourable market conditions.

“It's good to see Credit Suisse involved in its second benchmark deal in the domestic market this year,” he said.

“Lloyd's Bank was also active last week with its second kangaroo transaction, and we are expecting it will be a busy period with other financial institutions looking at opportunities in the current market.”


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