Credit Suisse launches new covered bond - memo

A Christmas tree is decorated in front of the headquarters of Swiss bank Credit Suisse in Zurich, Switzerland November 23, 2022. REUTERS/Arnd Wiegmann/File Photo

Dec 1 (Reuters) - Credit Suisse on Thursday launched a new three-year covered bond, a lead manager memo seen by Reuters showed.

According to the memo, price guidance for the new bond was set at mid-swaps +75 basis points (bps).

Order books for the new issue exceeded 825 million euros, a separate memo showed.

Reporting by Chiara Elisei, editing by Dhara Ranasinghe

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