Swiss banking major Credit Suisse has sold bonds worth US$5 billion only days after pleading guilty to charges that it helped US citizens evade tax.
The bonds issued by the bank includes – US$1.75 billion of three-year, 1.383% securities yielding 0.60 percentage points, US$2 billion of five-year, 2.3% notes yielding 0.80 percentage points and US$1.25 billion of three-year, floating-rate securities at 0.49 percentage points.
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Credit Suisse global head of debt capital markets Tommy Mercein told The Wall Street Journal: "It was just a straight, successful, well-oversubscribed deal which came with a great investor reception."
The news agency has also quoted a person familiar with the developments saying the bank has received US$10 billion in orders for debt.
Credit Suisse stated that it would use the funds raised through sale for general corporate purposes.
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By GlobalData
