Credit Suisse Raises $2B In Bond Sale

Credit Suisse has raised a total of $2 billion in a sale of its contingent-convertible bonds, The Wall Street Journal reports. The notes, called co-cos, were sold to spread a yield of 7.875%.

The Zurich-based lender sold the securities to investors outside the U.S. The bonds will be callable after 5½ years and mature in 2041.

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