Bond Swiss Credit 6.375% ( USH3698DCP71 ) in USD

Issuer	Swiss Credit
Market price	100 % ⇌
Country	Switzerland
ISIN code	USH3698DCP71 ( in USD )
Interest rate	6.375% per year ( payment 2 times a year)
Maturity	Perpetual
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Minimal amount	200 000 USD
Total amount	1 750 000 000 USD
Cusip	H3698DCP7
Next Coupon	21/08/2025 ( In 18 days )
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. An in-depth look at a significant financial instrument reveals an obligation issued by Credit Suisse, identifiable by ISIN USH3698DCP71 and CUSIP H3698DCP7. This particular bond, originating from Switzerland, is currently being traded at its par value of 100% in the market and is denominated in U.S. Dollars. It offers a fixed annual interest rate of 6.375%, with interest payments distributed semi-annually to investors. The total volume of this bond issue amounts to a substantial $1,750,000,000, indicating a significant capital raising endeavor. A minimum purchase threshold of $200,000 is stipulated, which typically positions this offering towards institutional investors or high-net-worth individuals. The issuer, Credit Suisse, was a prominent global financial services company with a rich history stretching back to 1856, headquartered in Switzerland. Until its acquisition by UBS in 2023, Credit Suisse was a cornerstone of the global banking sector, offering a comprehensive suite of services ranging from investment banking and private banking to asset management for clients worldwide. Issuances such as this bond were integral to its funding and liquidity management strategies within the complex international financial landscape. A defining characteristic of this specific instrument is its perpetual maturity, meaning it does not have a set redemption date, thereby offering a potentially continuous income stream for bondholders without a scheduled principal repayment of the original principal.