Exclusive: Swiss authorities may impose losses on Credit Suisse bondholders

Switzerland's national flag flies above a logo of Swiss bank Credit Suisse in front of a branch office in Bern, Switzerland November 29, 2022. REUTERS/Arnd Wiegmann//File Photobondholders as part of a rescue of the bank, two sources with knowledge of the matter said on Sunday.

Losses on bondholders may need to be larger if Credit Suisse were wound down rather than if it were taken over by UBS, one of the sources said.a UBS takeover of Credit Suisse before financial markets reopen on Monday. The price of one of Credit Suisse's Additional Tier 1 bonds, a junior tranche of debt which slumped in price this week, rallied in limited trading after the report, one investor said.

"I would be surprised if Credit Suisse bondholders, including AT1 investors, weren’t made whole. As long as UBS pays something to equity investors, bondholders should be left untouched," Jerome Legras, head of research at Axiom Alternative Investments, an investor in Credit Suisse’s AT1 debt, told Reuters.Another holder of the debt said they expected the AT1 bonds could be converted into UBS shares if a deal went through.

Good. That’s the purpose of coco bonds.

Instant karma served to Credit_Suisse. Only a month ago they banned Adani bonds, in a malicious manner to cause harm! Karma slapped pretty hard..

this article hasn't been updated in 6 hours, it's not exclusive anymore, has now incorrect info, and there are many new developments!

İsviçre,kirli para veya kara paranın saklandığı merkez.! Batan bankalar.,İsviçre'nin devrede olduğu yöntem ve fiatlandırmayla satın alınıyor.! Kim kurtarılıyor,kimler batırılıyor., piyasalar bunu anlayabildimi.?

Rappelez Tidiane Thiam

That's the way it's always been. If you invest with reckless abandon it's not up to the govt., aka taxpayers, to bail you out. SVB investors are liable for their own losses, not me you or me.

Buy bitcoin

Wait! Maybe we should find a buyer to buy the bonds. Nah, fuckem.

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