Credit Suisse Issues Mandatory Convertible Notes to Shore Up Capital Base After Archegos and Greensill

Posted on 04/22/2021

Credit Suisse Group AG raised US$ 1.85 billion (1.7 billion CHF) from investors to boost capital depleted by US$ 5.5 billion in losses from the collapse of Archegos Capital Management – Bill Hwang’s family office. The Swiss bank sold mandatory convertible notes into stock to core shareholders, institutional investors, and ultra-high-net-worth individuals. Credit Suisse was […]

Get News, People, and Transactions, Delivered to Your Inbox