Credit Suisse raises 2,266 million with the second tranche of its capital increase

MADRID, 9 Dic.

Credit Suisse raises 2,266 million with the second tranche of its capital increase

MADRID, 9 Dic. (EUROPA PRESS) -

The Swiss bank Credit Suisse has raised 2,240 million Swiss francs (2,266 million euros) through a rights issue subscribed to 98.2% by investors, which allows the Swiss entity to raise 4,000 million Swiss francs (4,047 million euros) by adding the first phase of the capital increase, implemented in November and which gave entry to the Saudi National Bank with a 9.9% stake in the bank.

In this sense, Credit Suisse reported that at the end of the exercise period of rights this Thursday, 98.2% of them had been exercised for the issuance of 872,989,594 new shares, adding that the 16.37 million shares recently issued for which the rights have not been exercised will be sold on the market at or above the offer price of 2.52 Swiss francs, raising about 2.24 billion Swiss francs.

"Gross proceeds to Credit Suisse Group from the rights offering and the capital increase previously implemented through the share placement are expected to total around 4 billion Swiss francs," the entity said.

Thus, as a result of the rights offering, the number of issued Credit Suisse Group shares has increased to a total of 4,002,158,062 shares.

Credit Suisse warned at the end of November that it expects to record pre-tax losses in the fourth quarter of 2022 amounting to up to around 1.5 billion Swiss francs (1.53 billion euros) in the context of the radical restructuring of its banking business. investment.

On October 27, Credit Suisse announced a series of measures, including cutting some 2,700 jobs, as well as a capital increase of around 4,000 million Swiss francs (4,078 million euros), after losing 5,900 million francs (6,015 million euros) in the first nine months of the year.

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