Credit Suisse Eyes Europeso Issue

Credit Suisse is planning to issue a MXP-denominated global bond in the coming weeks, according to investors in touch with the issuer. The capital will be drawn from the bank’s European MTN program, worth €15bn. The exact amount of the issuance is unclear, but MXP-denominated global bonds tend to range between $100m and $300m. Two weeks ago, Credit Suisse underwrote a MXP1.12bn issuance of 2022 15-year notes at 8.35% for GECC.