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Credit Suisse Sells $3.75B Of Debt Amid Archegos Cleanup

by finance.yahoo.com posted 1month ago 14 views
(Bloomberg) -- Credit Suisse Group AG sold $3.75 billion of bonds as the bank recovers from losses stemming from the March collapse of Archegos Capital Management.The Zurich-based lender, which last tapped the U.S. high-grade market in May, issued the debt in three parts. The longest portion of the offering, a five-year $1.75 billion fixed tranche, priced to yield 0.65 percentage points over Treasuries, coming in from initial price talk in the 0.8 percentage point area, according to a person wit.