Published on 4/28/2009 in the Prospect News Investment Grade Daily.
New Issue: Credit Suisse sells $2.25 billion 5.5% five-year notes at Treasuries plus 362.5 bps
By Andrea Heisinger
New York, April 28 - Credit Suisse, acting through its New York branch, sold $2.25 billion of 5.5% five-year senior notes Tuesday to yield Treasuries plus 362.5 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes priced in line with talk of 362.5 bps.
The non-callable notes (Aa1/A+/AA-) priced at 99.897 to yield 5.524%.
The bookrunner was Credit Suisse Securities (USA) LLC.
Co-managers were BB&T Capital Markets, BNP Paribas Securities Corp., BNY Mellon Capital Markets, Citigroup Global Markets Inc., Comerica Securities Inc., DZ Financial Markets LLC, Fifth Third Securities Inc., HSBC Securities (USA) Inc., KeyBanc Capital Markets, Mitsubishi UFJ Securities, Morgan Keegan & Co., Popular Securities, RBC Capital Markets, SunTrust Robinson Humphrey, U.S. Bancorp Investments and Wachovia Capital Markets LLC.
Junior co-managers were MFR Securities Inc. and Trilon International Inc.
Proceeds will be used for general corporate purposes, including refinancing of debt outside of Switzerland.
The financial services company is based in Zurich.
| Issuer: | Credit Suisse, acting through its New York branch
|
| Issue: | Senior notes
|
| Amount: | $2.25 billion
|
| Maturity: | May 1, 2014
|
| Bookrunner: | Credit Suisse Securities (USA) LLC
|
| Co-managers: | BB&T Capital Markets, BNP Paribas Securities Corp., BNY Mellon Capital Markets, Citigroup Global Markets Inc., Comerica Securities Inc., DZ Financial Markets LLC, Fifth Third Securities Inc., HSBC Securities (USA) Inc., KeyBanc Capital Markets, Mitsubishi UFJ Securities, Morgan Keegan & Co., Popular Securities, RBC Capital Markets, SunTrust Robinson Humphrey, U.S. Bancorp Investments, Wachovia Capital Markets LLC
|
| Junior co-managers: | MFR Securities Inc., Trilon International Inc.
|
| Coupon: | 5.5%
|
| Price: | 99.897
|
| Yield: | 5.524%
|
| Spread: | Treasuries plus 362.5 bps
|
| Call: | Non-callable
|
| Trade date: | April 28
|
| Settlement date: | May 4
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
| Price talk: | 362.5 bps
|
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