Linklaters has taken a lead role for Credit Suisse on a ground-breaking securities deal designed to bolster the banking giant's financial strength. The deal saw Credit Suisse issue $8bn (£5bn) in 'cocos' - a form of bond that converts into equity if the issuing bank's balance sheet becomes impaired.
February 18, 2011 at 08:23 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters has taken a lead role for Credit Suisse on a ground-breaking securities deal designed to bolster the banking giant’s financial strength.
The deal saw Credit Suisse issue $8bn (£5bn) in ‘cocos’ – a form of bond that converts into equity if the issuing bank’s balance sheet becomes impaired.
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