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Published on 6/26/2009 in the Prospect News Investment Grade Daily.

New Issue: Credit Suisse unit sells $1.3 billion 3.45% three-year notes at Treasuries plus 190 bps

By Andrea Heisinger

New York, June 26 - Credit Suisse's New York branch priced $1.3 billion of 3.45% three-year senior notes Friday to yield Treasuries plus 190 basis points, an informed source said.

The non-callable notes (Aa1/A+/AA-) priced at 99.87 to yield 3.496%.

Credit Suisse Securities was bookrunner. Co-managers were MFR Securities, Trilon International and Utendahl Capital Partners.

The issuer is a unit of Zurich-based Credit Suisse Group.

Issuer:Credit Suisse - New York branch
Issue:Senior notes
Amount:$1.3 billion
Maturity:July 2, 2012
Bookrunner:Credit Suisse Securities
Co-managers:MFR Securities, Trilon International, Utendahl Capital Partners
Coupon:3.45%
Price:99.87
Yield:3.496%
Spread:Treasuries plus 190 bps
Call:Non-callable
Trade date:June 26
Settlement date:July 1
Ratings:Moody's: Aa1
Standard & Poor's: A+
Fitch: AA-

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