ADVFN - Advanced Financial Network.
HOME» NYSE » C » CS Stock Price » CS Stock News

Credit Suisse Grp. Share News

 Credit Suisse Grp. Stock Price
CS Stock Price
 Credit Suisse Grp. Stock Chart
CS Stock Chart
 Credit Suisse Grp. Stock News
CS Stock News
 Credit Suisse Grp. Company Information
CS Company Information
 Credit Suisse Grp. Stock Trades
CS Stock Trades

Credit Suisse Places CHF3.8 Billion In 4% Convertible Securities

ZURICH -(Dow Jones)- Credit Suisse Group (CS) Wednesday said it placed 3.8 billion Swiss francs of 4% Subordinated Mandatory and Contingent Convertible Securities ("MACCS"), which are mandatorily convertible into 233.5 million shares at a conversion price of CHF16.29 per share on March 29, 2013. MAIN FACTS: - CHF1.9 billion of MACCS will be purchased directly by strategic and institutional investors, and CHF1.9 billion MACCS are being offered to shareholders of Credit Suisse Group AG by way of an offering of preferential subscription rights. - Strategic and institutional investors have entered into definitive agreements to purchase any MACCS not taken up by shareholders, thereby ensuring placement of the entire CHF3.8 billion of MACCS. - The MACCS are being issued by Credit Suisse Group (Guernsey) V Limited, and subject to a guarantee whereby Credit Suisse Group AG will agree to unconditionally and irrevocably guarantee all payments and, on a subordinated basis, the delivery of the shares in respect of the MACCS. -Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Credit Suisse Grp. (CS)
DateTimeHeadline
09/27/201607:50:00Credit Suisse CEO Expects Challenging Third Quarter
09/27/201607:33:00Credit Suisse CEO Expects Challenging Third Quarter
09/26/201608:50:00Indian Stocks Emerge From the Crowd
09/23/201622:41:00U.S. Deauthorizes Accreditor, Sets Off Scramble Among Some For-Profit...
09/23/201620:15:00U.S. Deauthorizes Accreditor, Sets Off Scramble Among Some For-Profit...
09/22/201609:29:00Credit Suisse Research Institute Releases the CS Gender 3000:...
09/22/201605:37:00Argentina to Meet Fixed Income Investors in Europe, Eyes Dual...
09/19/201610:06:00AXA Lowers Rates on Term Life Insurance Policies
09/16/201617:33:00ADRs End Lower; Banks, Oil Firms Slide
09/16/201604:30:00Bayer CEO Sets Course With Monsanto Deal
09/15/201618:10:00Deutsche Bank Is Asked to Pay $14 Billion to Resolve U.S. Probe
09/12/201612:38:00Commodities Declined in August, Led Lower by Agriculture and...
09/08/201615:50:00AXA and SRS Acquiom Host Forum to Discuss M&A Trends
09/08/201608:30:00Credit Suisse Announces Coupon Payments and Expected Coupon Payments...
09/08/201608:14:00South Korea's Doosan Bobcat to Raise up to $2.2 Billion From...
09/08/201602:10:00Mexico's Finance Minister Resigns After Trump Visit
09/07/201611:15:00AXA Announces $1.4 Million in College Scholarships
09/07/201603:02:00A Key Lieutenant Exits Credit Suisse -- WSJ
09/06/201622:27:00Credit Suisse Names Brian Chin CEO of Global Markets -- 3rd Update
09/06/201622:06:00Credit Suisse Names Brian Chin CEO of Global Markets -- 2d Update

Credit Suisse Grp. and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad