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Credit Suisse pitches covered bond programme to international investors - memo

Published 29/11/2022, 12:02
© Reuters. FILE PHOTO: A Christmas tree is decorated in front of the headquarters of Swiss bank Credit Suisse in Zurich, Switzerland November 23, 2022. REUTERS/Arnd Wiegmann
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LONDON (Reuters) - Credit Suisse (SIX:CSGN) has mandated banks to introduce international investors to its covered bond programme and an inaugural, euro-denominated, short-dated covered bond transaction may follow, according to a memo seen by Reuters on Tuesday.

Credit Suisse has mandated Commerzbank (ETR:CBKG), Credit Suisse, Danske Bank, DZ BANK, Helaba, ING and Natixis to arrange a series of virtual investor meetings, the memo said.

© Reuters. FILE PHOTO: A Christmas tree is decorated in front of the headquarters of Swiss bank Credit Suisse in Zurich, Switzerland November 23, 2022. REUTERS/Arnd Wiegmann

The bonds are expected to be rated AAA by Fitch, according to the memo.

A separate memo seen by Reuters showed that the investor meetings were scheduled to take place on Tuesday and Wednesday.

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