On 21 October 2015, Credit Suisse Group AG (SIX: CSGN) announced that it plans to issue new shares in a total amount of CHF 6 bn (EUR 5.55 bn). A first tranche of this capital increase shall result in the issuance of registered shares to certain qualified investors. The second tranche shall be executed by way of a rights offering to existing shareholders, underwritten by a banking syndicate. Both tranches were approved by the shareholders in an extraordinary general meeting on 19 November 2015. The closing is expected to occur on 4 December 2015. Through this capital increase, Credit Suisse Group intends to strengthen its Common Equity Tier 1 capital.
Credit Suisse Announces CHF 6 bn Share Capital Increase to Further Strengthen the Group’s Capital Base
•
CapLaw Themes
- FinSA (FIDLEG) (32)
- FinIA (FINIG) (11)
- Insurance (8)
- Securities (92)
- Regulatory (128)
- Takeover (19)
- Derivatives (7)
- News, Deals & Cases (450)
- Events (149)
- Other Areas (8)
CapLaw PDF Archive
Discover more articles
We provide up-to-date information on legal and regulatory developments regarding the capital markets, publish concise articles on developments in the Swiss and international financial markets, and announce recent deals and forthcoming events.