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ItalianoBond Credit Suisse 0% ( US22548T1337 ) in USD
| Issuer | Credit Suisse | ||||||||||||||||||||||||||||||
| Market price | 52.319 % ▲ | ||||||||||||||||||||||||||||||
| Country |  Switzerland
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| ISIN code |
 US22548T1337 ( in USD )
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| Interest rate | 0% | ||||||||||||||||||||||||||||||
| Maturity | 09/30/2026 - Bond has expired | ||||||||||||||||||||||||||||||
| Minimal amount | 1 000 USD | ||||||||||||||||||||||||||||||
| Total amount | 2 390 000 USD | ||||||||||||||||||||||||||||||
| Cusip | 22548T133 | ||||||||||||||||||||||||||||||
| 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 analysis of fixed-income instruments reveals details concerning a specific bond identified by ISIN US22548T1337 and CUSIP 22548T133. This bond was issued by Credit Suisse, a financial institution historically based in Switzerland. Credit Suisse was a globally significant universal bank, providing a comprehensive range of services including wealth management, investment banking, and asset management. Its long-standing presence and influence in the global financial markets were considerable until a series of financial setbacks and a significant erosion of market confidence led to its acquisition by its domestic rival, UBS Group AG, in a government-brokered transaction completed in March 2023, effectively ending its independent operations. This particular bond is denominated in USD and currently trades at a market price of 41.64% of its par value, a valuation that reflects the profound challenges and subsequent corporate restructuring experienced by the issuer. The instrument specifies a 0% interest rate, and while a payment frequency of 2 is indicated (typically suggesting semi-annual distributions), no coupon payments are applicable due to the zero interest rate. The total size of this specific bond issue amounts to USD 2,390,000, with a minimum purchase size established at USD 1,000. The bond is scheduled to reach its maturity on September 30, 2026. |
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