Bond Swiss Credit 9% ( US22550F6824 ) in USD

Issuer	Swiss Credit
Market price	9.82 % ▼
Country	Switzerland
ISIN code	US22550F6824 ( in USD )
Interest rate	9% per year ( payment 2 times a year)
Maturity	20/01/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	/
Cusip	22550F682
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 analysis details a specific fixed-income security, identified by its ISIN US22550F6824 and CUSIP 22550F682, which was issued by Credit Suisse. Headquartered in Switzerland, Credit Suisse was a globally significant financial services company, recognized for its extensive operations in wealth management, investment banking, and asset management, serving a diverse client base worldwide before its acquisition by UBS in 2023 amidst a period of significant market and regulatory scrutiny. This particular bond was denominated in USD and carried a fixed annual interest rate of 9%, with interest payments distributed semi-annually, providing a steady income stream to bondholders. The minimum acquisition size for this instrument was established at 1,000 units, typically signifying 1,000 USD of par value. Issued from Switzerland, it reflected the bank's strategy to access international capital markets. The bond matured on January 20, 2023, and as of that date, it has been fully redeemed, signifying the successful repayment of principal to all bondholders. While historical market quotations indicated a price of 9.82% at certain points, which could represent its trading price relative to par or a specific yield, its ultimate redemption confirms the completion of its lifecycle as a debt obligation.