Credit Suisse Said to Price U.K. Subprime Mortgage-Backed Bonds

Credit Suisse Group AG (CSGN)’s 179.7 million-pound sale of top-rated bonds backed by U.K. non- conforming mortgages will be priced at 95.78 pence on the pound and have a coupon of 225 basis points more than Libor, according to a person with knowledge of the transaction.

The securities will be issued through ALBA 2012-1 Plc.

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