Bond Swiss Credit 0% ( US22547T5719 ) in USD

Issuer Swiss Credit
Market price 18.85 %  ▲ 
Country  Switzerland
ISIN code  US22547T5719 ( in USD )
Interest rate 0%
Maturity 30/01/2025 - Bond has expired



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Minimal amount 1 000 USD
Total amount 45 834 520 USD
Cusip 22547T571
Detailed description Credit Suisse was a global investment bank and financial services company headquartered in Zurich, Switzerland, that was acquired by UBS in March 2023 following a significant financial crisis.

This financial instrument, categorized as an obligation and identified by its ISIN US22547T5719 and CUSIP 22547T571 codes, was issued by the globally recognized, albeit now transformed, Swiss financial institution Credit Suisse, originating from Switzerland, the issuer's home country. Denominated in U.S. Dollars, the total issuance size for this bond was 45,834,520 USD, with a minimum purchase threshold set at 1,000 USD. Notably, it carried a 0% interest rate, a characteristic typically associated with zero-coupon bonds or specialized debt structures, despite a listed payment frequency of two times per year. At a point in its lifecycle, the market valued this instrument at 18.85% of its face value, signaling significant market distress or a specific pricing dynamic prior to its resolution. While originally scheduled to mature on January 30, 2025, this obligation has ultimately been fully repaid, concluding its lifecycle. Credit Suisse, the issuer, stood as a pillar of the global financial industry for over 160 years, operating from its Swiss base and offering a comprehensive range of banking and wealth management services worldwide; however, the institution navigated through several significant financial challenges in recent years, leading to its eventual acquisition by rival UBS Group AG in March 2023. The repayment of this particular bond reflects a specific resolution outcome within the broader context of Credit Suisse's complex financial restructuring and ultimate integration.