Credit Suisse Group AG’s € 3.5 Billion Bail-inable Notes Offering

Homburger advised Credit Suisse Group AG on the deal.

Credit Suisse Group AG successfully completed its issuance of (i) EUR 2 bn aggregate principal amount of 2.125 per cent. Fixed Rate Reset Senior Callable Notes due 2026 and (ii) EUR 1.5 bn aggregate principal amount of 2.875 per cent. Fixed Rate Reset Senior Callable Notes due 2032 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.

The Homburger team was led by partner Benjamin Leisinger (Picture) and included counsel Lee Saladino, associate Olivier Baum (all Capital Markets) and partner Dieter Grünblatt (Tax).

Involved fees earner: Olivier Baum – Homburger; Dieter Grünblatt – Homburger; Benjamin Leisinger – Homburger; Lee Saladino – Homburger;

Law Firms: Homburger;

Clients: Credit Suisse;

Federica Tiefenthaler

Author: Federica Tiefenthaler