Bond Swiss Credit 8.514% ( XS0112553291 ) in GBP

Issuer	Swiss Credit
Market price	100 % ▼
Country	Switzerland
ISIN code	XS0112553291 ( in GBP )
Interest rate	8.514% per year ( payment 1 time a year)
Maturity	Perpetual - Bond has expired
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Minimal amount	1 000 GBP
Total amount	150 000 000 GBP
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. A specific financial instrument, identified by ISIN code XS0112553291, was issued by Credit Suisse, a historically prominent Swiss-based global financial services company that provided a comprehensive range of banking and asset management services prior to its recent acquisition. This bond, denominated in British Pound Sterling (GBP), had a substantial total issue size of 150,000,000 GBP, with a minimum purchase size set at 1,000 GBP. Originally structured as a perpetual bond, implying no fixed maturity date and an intention for indefinite interest payments, it featured an annual interest rate of 8.514%, with coupon payments scheduled once per year. Despite its perpetual nature, the bond has since matured and been fully redeemed, with its final settlement occurring at 100% of its face value.