Credit Suisse Sells Its Biggest Aussie Bond After Hiatus

Credit Suisse Group AG raised A$1.25 billion ($1.17 billion) with its biggest-ever bond sale in Australia as it returned to the market after an almost four-year hiatus, data compiled by Bloomberg show.

Switzerland’s second-biggest lender joins banks from Europe and around the world that are flocking to the market, with the U.K.’s Barclays Plc and Emirates NBD PJSC also ending multi-year absences in 2014, data show. Debuts this year by overseas lenders include ABN Amro NV of the Netherlands and China’s Bank of Communications Co. Credit Suisse last sold bonds in the market in August 2010 when it placed A$600 million of five-year floating-rate notes.