Financial Results

Credit Suisse Completes Capital Increase With $1.29 Billion Share Placement

Tom Burroughes Group Editor London 24 November 2015

Credit Suisse Completes Capital Increase With $1.29 Billion Share Placement

The Zurich-listed lender has completed a capital-raising exercise through a private share placement.

Credit Suisse today said it has completed its capital increase, raising SFr1.32 billion ($1.29 billion) in gross proceeds via a private placement of new shares.

The capital-raising was approved by shareholders at an extraordinary general meeting on 19 November.

The purchase price agreed with the qualified investors was SFr22.75 per share.

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