Tuesday, December 6, 2022

CS shareholders can buy shares for CHF 2.52

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This is how the capital increase works

CS shareholders can buy shares for CHF 2.52

Credit Suisse is getting on track with the capital increase it announced last week. The ailing big bank announced the first terms of the transaction on Monday, with which it wants to collect the much-needed four billion francs.

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CS is planning a capital increase of 4 billion Swiss francs.

Credit Suisse is planning a capital increase of CHF 4 billion. The major Swiss bank needs the money for a radical restructuring.

The largest new shareholder will be the Saudi National Bank (SNB). You and other qualified investors will subscribe to 462 million new shares at CHF 3.82 each. The lion’s share goes to the Saudis, who will then hold 9.9 percent of the bank.

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