Credit Suisse launches Tier 1 dollar bond

LONDON, July 28 (Reuters) - Credit Suisse (CSGN.VX) took advantage of a more upbeat mood in the credit markets on Wednesday to issue a Tier 1 bond aimed at dollar investors outside the United States.

The bond is perpetual but with a redemption (call) after five years. Initial guidance on the issue was 8 to 8.25 percent, said an official with the bank, which is managing the deal itself.

The issue also has a regulatory call at par, which means the bank can redeem the bond if it no longer fits with bank capital rules.

Order books on the deal were around $3 billion, bankers said.

Credit Suisse's deal is only the fourth Tier 1 bond issue by a European bank this year, because of uncertainty over what bonds will qualify under a new bank capital regime which is under development by international regulators.

Italy's Unicredit (CRDI.MI) was the latest bank to do a deal, when the bank raised 500 million euros ($645.5 million) via a Tier 1 bond on July 13. [ID:nLDE66C0IP]. (Reporting by Jane Merriman; Editing by David Holmes) ($1=.7746 Euro)