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Some holders of Credit Suisse AT1 bonds that were wiped out as part of the bank's state-backed merger with UBS have instructed law firm Quinn Emanuel Urquhart & Sullivan to represent them for... | April 3, 2023
The law firm representing a group of Credit Suisse AT1 bondholders has been instructed to recover their losses from UBS.
The wipeout of 16 billion Swiss francs for the owners of Credit Suisse's AT1 bonds is likely to result in a legal dispute. An international law firm has assembled a large group of clients willing to take legal action.
The AT1 Notes with a volume of the €300 million and a current coupon of 7.321 per cent were issued in November 2014. The Bank would have been able to call the outstanding AT1 Notes on the... | March 29, 2023
The treatment of Credit Suisse AT1 bondholders in the rescue by UBS has been controversial and caught the market by surprise. Additional tier 1 capital securities are also referred to as conditional... | March 29, 2023