Ashurst has advised Credit Suisse AG, Sydney Branch, in relation to the $750m issuance.
Led by finance partner Paul Jenkins
, the transaction marks the second domestic deal by Credit Suisse in 2015. The $750m issuance is made up of senior, unsecured Floating Rate Notes under the Australian Debt Issuance Program. Ashurst
also acted on the first deal under the Australian Debt Issuance Programme.
“It's good to see Credit Suisse involved in its second benchmark deal in the domestic market this year.
“There is strong recent debt capital markets deal flow as evidenced by Apple's $2.25 billion Kangaroo bond issue last week,” said Jenkins.
“There is now a depth in the bond market for successive large deals which has not previously been the case in Australia. A number of other corporates and financial institutions are looking to tap the local market provided conditions are favourable.”
ANZ, Commonwealth Bank of Australia, NAB and Westpac acted as joint lead managers on the deal, BTA Institutional Services Australia Limited acted as the agent.