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Credit Suisse Makes Green-Bond Debut After Two-Year Wait

  • Lender offers opco green bond after holdco roadshow in 2018
  • Swiss supervisor has questioned use of green bonds for TLAC
Credit Suisse Group AG Ahead Of First Virus-Era Results
Photographer: Stefan Wermuth/Bloomberg
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Credit Suisse Group AG is set to price its first green bond, two years after outlining plans for a debut sale via a different part of the business.

The Swiss bank’s London branch will issue the 500 million-euro ($540 million) five-year bond, after getting more then 2.8 billion euros of orders. In March 2018, the bank held a roadshow for a green-bond sale by its holding company, which wasn’t subsequently followed by an offering.