By Aleesia Forni
Virginia Beach, May 18 – Credit Suisse Group Funding (Guernsey) Ltd. priced $2 billion of 4.875% 30-year senior notes (A2/BBB+/A) Treasuries plus 187.5 basis points on Monday, according to a market source.
The notes are guaranteed by Credit Suisse Group AG.
Pricing was at 99.673 to yield 4.896%.
The issue priced tighter than initial talk set in the range of Treasuries plus 190 bps to 195 bps.
Credit Suisse Securities (USA) LLC was the bookrunner.
The financial services company is based in Zurich.
| Issuer: | Credit Suisse Group Funding (Guernsey) Ltd.
|
| Amount: | $2 billion
|
| Description: | Senior notes
|
| Maturity: | May 15, 2045
|
| Bookrunner: | Credit Suisse Securities (USA) LLC
|
| Coupon: | 4.875%
|
| Price: | 99.673
|
| Yield: | 4.896%
|
| Spread: | Treasuries plus 187.5 bps
|
| Trade date: | May 18
|
| Settlement date: | May 21
|
| Ratings: | Moody’s: A2
|
| Standard & Poor's: BBB+
|
| Fitch: A
|
| Price talk: | Treasuries plus 190 bps to 195 bps
|
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