Credit Suisse Group Finance, part of Swiss bank giant Credit Suisse Group, says it sold Ñ20 billion in five-year fixed-rate notes, Ñ7.3 billion in three-year floating-rate notes and Ñ37 billion in five-year floating-rate notes. The five-year fixed-rate notes have a 2.41% coupon.
The three-year floating-rate notes have a spread of 90bp over three-month yen Libor, while the five-year floating-rate notes have a spread of 110bp over the same benchmark. All three tranches were issued at par.
The fixed-rate notes are targeted at life insurance companies, regional banks and pension funds, according to a Credit...
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