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Beleaguered Credit Suisse to pay almost 10% rate on bonds

Financial Times LogoFinancial Times1w ago

Beleaguered Credit Suisse to pay almost 10% rate on bonds

Quick Summary

Investors demand high interest from the struggling bank as it raises more than $1.

Credit Suisse’s new AT1 bonds will not convert to equity if the bank’s capital ratio falls below regulatory standards but instead be written down.

Credit Suisse has lurched from crisis to crisis over the past two years, exposing poor risk management and controls at the Zurich-based lender.


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Article Details

Author / Journalist: Nikou Asgari

Category: MarketsFinanceInvesting

Topics: Interest Rates Bonds Credit Investors Financial Debt Bank Suisse Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-16, 17:14:04

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 3 minutes read

Article Length: 526 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 371

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

Last Updated: 10h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

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