On June 2, 2020, Credit Suisse Group AG (Credit Suisse) launched, and on June 9, 2020, successfully completed, the issuance of GBP 750 m 2.250 per cent. Fixed Rate Reset Senior Callable Notes due 2022 (the Notes) under its newly established Medium Term Note (MTN) Programme. The Notes are bail-inable bonds that are eligible to count towards Credit Suisse's Swiss gone concern requirement.
The offering of the Notes was done in reliance on Regulation S under the U.S. Securities Act. The Notes have been provisionally admitted to trading, and application has been made for admission and listing of the Notes, on the SIX Swiss Exchange.
Homburger advised Credit Suisse with respect to all aspects of Swiss law. The Homburger team was led by partner René Bösch (Capital Markets) and included partners Benjamin Leisinger (Capital Markets) and Dieter Grünblatt (Tax), as well as counsel Lee Saladino (Capital Markets) and associate Olivier Baum (Capital Markets).