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Issuers
Credit Suisse issues dollar tier-one, Reuters reports
Wednesday, July 28, 2010
Credit Suisse has issued a dollar-denominated tier-one bond – only the fourth tier-one issued by a European bank this year, Reuters reports. The bond is perpetual but with a redemption call possible after five years, says the article. Initial guidance on the issue was 8 to 8.25% percent, with an order book of around $3 billion.
The issue also has a regulatory call at par, which means the bank can redeem the bond if it no longer fits with bank capital rules.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
