Credit Suisse Pays Double to Lure Investors to Its Bond Offering
- Lender’s London branch is paying up for euro debt deal
- Sale comes after bank reported fifth-straight quarterly loss
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Credit Suisse Group AG is offering investors a hefty incentive to buy its new euro bonds just days after announcing a bigger-than-expected quarterly loss.
The Swiss lender’s London branch, which is selling a three-and-a-half year note, is offering more than double the average spread that its peers paid for similar deals this year, according to data compiled by Bloomberg. The embattled bank also offered chunky premiums for sales in other currencies last month.