Qatar Investment Authority Subscribed to Two Convertible Bonds of Credit Suisse
Posted on 07/05/2021
The Qatar Investment Authority (QIA) subscribed to two convertible bonds of Credit Suisse Group AG, taking its holding to 6.005% (with note conversion in November 2021) ownership. This is after the sovereign wealth fund lowered its share ownership of Credit Suisse to about 4.8% of the Swiss bank.
Credit Suisse raised US$ 2 billion earlier in 2021 from investors through the sale of notes.