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ItalianoBond Credit Suisse (Bahamas) Limited 0% ( US22551NUU89 ) in USD
| Issuer | Credit Suisse (Bahamas) Limited | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  Switzerland
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| ISIN code |
 US22551NUU89 ( in USD )
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| Interest rate | 0% | ||||||
| Maturity | 21/03/2023 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 USD | ||||||
| Total amount | 6 207 000 USD | ||||||
| Cusip | 22551NUU8 | ||||||
| Standard & Poor's ( S&P ) rating | N/A | ||||||
| Moody's rating | N/A | ||||||
| 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. The US22551NUU89 bond, identified also by its CUSIP code 22551NUU8, an obligation issued by Credit Suisse (Bahamas) Limited, has recently reached its maturity and been fully repaid; this financial instrument, denominated in US Dollars (USD), was issued by the Bahamian subsidiary of what was formerly the Credit Suisse Group AG, a global financial services company headquartered in Switzerland. Characterized as a zero-coupon bond, it did not accrue or distribute periodic interest payments to its holders throughout its tenure, with investors having acquired the bond at a discount to its face value, and the return generated upon its redemption at par; the total size of this particular bond issuance amounted to $6,207,000, with a minimum purchase denomination set at $1,000, catering to a range of institutional and individual investors. Upon its scheduled maturity date of March 21, 2023, the bond's current market price stood at 100%, confirming that the principal amount was fully reimbursed to bondholders, thereby underscoring the conclusion of this specific financing arrangement and representing a finalized transaction within the broader debt markets. |
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