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.
An analysis of a specific debt instrument reveals details pertaining to a bond identified by ISIN code US22551NRD02 and CUSIP code 22551NRD0. The issuer of this bond was Credit Suisse (Bahamas) Limited, a subsidiary entity of the globally renowned Swiss financial services company, Credit Suisse Group AG. Credit Suisse, historically a cornerstone of the Swiss banking sector, operated across various financial segments, including investment banking, private banking, and asset management, with its international subsidiaries playing a role in its global operations, such as this entity based in the Bahamas. Categorized as a bond, this debt security was issued from Switzerland, denominated in United States Dollars (USD). At the time of its market relevance and prior to its maturity, the bond was observed at a market price of 100% of its par value, indicating a stable trading position. A notable feature of this particular issue was its substantial annual interest rate, fixed at 19.61%. The total offering size for this instrument amounted to 592,000 units, with a minimum purchase threshold set at 1,000 units for potential investors. The maturity date for this bond was stipulated as June 21, 2021. Interest payments were scheduled with a frequency of two times per year, typically implying semi-annual disbursements. Crucially, the bond has successfully reached its maturity date and has subsequently been fully redeemed by the issuer, completing its lifecycle as a financial obligation.
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US22551NRD02 ( in USD )
