Monday, December 13, 2010

Credit Suisse may issue up to $30 bln in coco bonds-FT

TOKYO: Credit Suisse may issue up to $30 billion in contingent-capital bonds over the next several years to help shore up the firm's finances ahead of the start of new bank rules, the Financial Times reported on Monday, Dec 13.

The FT quoted Credit Suisse Chief Executive Brady Dougan as saying in an interview that the company aims to issue the so-called coco bonds soon to assure investors and regulators there is enough demand for its debt. - Reuters


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