Bond Swiss Credit 0% ( XS2210271164 ) in USD

Issuer	Swiss Credit
Market price	100 % ⇌
Country	Switzerland
ISIN code	XS2210271164 ( in USD )
Interest rate	0%
Maturity	28/08/2025
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Minimal amount	250 USD
Total amount	425 000 USD
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 intriguing bond offering, identified by ISIN XS2210271164, is currently under observation in the financial markets. Issued by the Swiss-headquartered Credit Suisse, this particular debt instrument presents several distinctive features, not least its specified interest rate and current trading dynamics. This article delves into the specifics of this bond and provides context on its issuer, Credit Suisse, a venerable institution that has recently undergone significant transformation. This fixed-income security, designated as a bond, possesses the following core specifications: its unique identifier is ISIN XS2210271164, and it was issued by Credit Suisse, a globally recognized financial services company based in Switzerland. The bond is denominated in United States Dollars (USD), making it broadly accessible to international investors. A prominent characteristic is its 0% interest rate, indicating that no periodic coupon payments are made to bondholders. Currently, the bond is trading at 100% of its nominal (par) value in the market. This combination of a 0% interest rate and a current market price at par, given its specified maturity, implies a yield to maturity (YTM) of effectively 0%, which is an unusual attribute for a corporate debt instrument. The total nominal value of this specific issuance is USD 425,000, and the minimum purchase size for investors is set at USD 250. This bond is scheduled to mature on August 28, 2025, at which point bondholders are anticipated to receive the full nominal value. Furthermore, despite its 0% coupon, the bond's terms indicate a semi-annual payment frequency (2 times per year), which may relate to calculation periods, principal amortization, or other specific structural features of the instrument beyond standard interest payments. The issuer of this bond, Credit Suisse, has a significant, albeit complex, history in global finance. Established in 1856, Credit Suisse grew to become one of the world's leading financial services companies, offering a comprehensive suite of services including investment banking, private banking, and asset management. Headquartered in Zurich, Switzerland, it operated as a systemic bank with a substantial international footprint across more than 50 countries. Throughout its long existence, Credit Suisse played a crucial role in the development of the Swiss economy and maintained a strong global presence. However, in the years leading up to 2023, the bank faced a series of high-profile challenges, including significant losses from exposures to distressed hedge funds, various regulatory penalties, and a notable erosion of client and investor confidence. These issues culminated in a government-backed, emergency acquisition by its domestic rival, UBS Group AG, in March 2023. This landmark event, orchestrated to prevent a broader financial crisis, effectively marked the end of Credit Suisse's independent existence as a standalone banking giant. Despite the acquisition, certain Credit Suisse-issued debt instruments, such as the one detailed here, continue to exist and trade, with their value now implicitly or explicitly linked to the financial strength and guarantees related to the UBS conglomerate. The characteristics of this Credit Suisse bond, particularly its 0% interest rate and 100% market price, make it a noteworthy instrument for investors, with its short-term maturity and unique pricing implying specific considerations for portfolio management, especially against the backdrop of its issuer's recent historic transition.