(Bloomberg) -- Credit Suisse Group AG sold $5 billion of bonds, the first benchmark offering since its bank unit pleaded guilty to helping Americans cheat on their taxes.
The Zurich-based bank issued $1.75 billion of three-year, 1.375% securities that yielded 60 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. The spread was two basis points above where similarly rated Deutsche Bank AG sold $1.4 billion of three-year, 1.35% notes today.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access