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ItalianoBond Credit Suisse (Bahamas) Limited 0% ( US22551LMA51 ) in USD
| Issuer | Credit Suisse (Bahamas) Limited | ||||||||||
| Market price | 149.96 % ▲ | ||||||||||
| Country |  Switzerland
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| ISIN code |
 US22551LMA51 ( in USD )
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| Interest rate | 0% | ||||||||||
| Maturity | 29/12/2023 - Bond has expired | ||||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 USD | ||||||||||
| Total amount | 699 000 USD | ||||||||||
| Cusip | 22551LMA5 | ||||||||||
| Detailed description |
Credit Suisse (Bahamas) Limited was a subsidiary of Credit Suisse AG, providing wealth management and related financial services to high-net-worth individuals and institutional clients in the Bahamas. This financial update details a specific fixed-income instrument, an obligation identified by ISIN US22551LMA51 and CUSIP 22551LMA5, which has reached its maturity and been fully redeemed. The bond was issued by Credit Suisse (Bahamas) Limited, an entity connected to the Switzerland-headquartered Credit Suisse Group, a prominent global financial services company traditionally involved in investment banking, private banking, and asset management, with its Bahamas subsidiary likely focusing on international wealth management and specialized financial transactions. Denominated in USD, the issuance originated from Switzerland and had a total offering size of 699,000 units, with a minimum purchase threshold set at 1,000 units. A notable characteristic of this bond was its 0% interest rate, typically indicative of a zero-coupon bond where investor returns are derived from the discount at which it is purchased relative to its face value at maturity. Prior to its redemption, the instrument's market price was observed at a significant 149.96%. The bond successfully reached its scheduled maturity date on December 29, 2023, and has subsequently been repaid to its holders. |
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