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Qatar Investment Authority Holding in Credit Suisse to Rebound

  • Qatar Investment Authority holds 1.168% share purchase rights
  • Note conversion to increase QIA’s stake to 6.005% in November

The Qatar Investment Authority’s stake in Credit Suisse Group AG is set to rebound after it subscribed to two convertible bonds, taking its holding to over 6%

Earlier this week, the Gulf nation cut its existing holding of 133 million shares to about 128 million shares or 4.8% of Credit Suisse. However, subscription to notes that convert to shares in November grants rights to another 1.168% stake, or an approximate 31 million in shares, according to a regulatory filing.