Credit Suisse to repurchase $3 billion in debt securities



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ZURICH, October 7 (Reuters)Swiss credit CSGN.S said on Friday it had made an offer to buy up to 3 billion Swiss francs ($3 billion) of senior debt securities.

“The transactions are consistent with our proactive approach to managing our overall liability mix and optimizing interest expense and allow us to take advantage of market conditions to repurchase debt at attractive prices,” the bank said. in a press release.

The lender said it was making an all-cash tender offer for eight senior debt securities denominated in euro or sterling for a total amount of up to €1 billion.

At the same time, it was also making a cash offer to buy back 12 US dollar-denominated senior debt securities for a total amount of up to $2 billion.

The offers will expire on Nov. 3 and Nov. 10, respectively, subject to the terms and conditions set out in the offering documents, he added.

($1 = 0.9897 Swiss francs)

(Reporting by John Revill; Editing by Muralikumar Anantharaman and Edwina Gibbs)

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