The bank raised 500 million euros ($533.60 million) from the sale of a new senior unsecured bond, a memo seen by Reuters showed. The bond, which pays a coupon of 5.5%, priced for a yield of 5.606%, the memo said. The coupon on the new bond is more than double the coupon Credit Suisse paid on comparable bonds it sold previously. In May, the bank sold a 1 billion euro bond at a coupon of 2.125%, a separate memo seen by Reuters showed. Final investor demand for the new bond was at around 600 million euros, the first memo said, down from more than 1 billion euros earlier on Wednesday.
The new bond, which was sold by the operating company, will
mature in August 2026 and is part of the bank's euro medium term
note (EMTN) programme launched in May 2022.
The Swiss lender last week reported its worst annual loss
since the 2008 global financial crisis.
($1 = 0.9370 euros)
(Reporting by Chiara Elisei; editing by Dhara Ranasinghe and
Jane Merriman)
