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Credit Suisse will borrow up to 50bln Swiss Francs from the Swiss National Bank
CREDIT SUISSE WILL BORROW UP TO 50BLN SWISS FRANCS FROM THE SWISS NATIONAL BANK.
— Breaking Market News (@financialjuice) March 16, 2023
Added at 8:50pm
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— PiQ (@PriapusIQ) March 16, 2023
CREDIT SUISSE - TAKING DECISIVE ACTION TO PRE-EMPTIVELY STRENGTHEN ITS LIQUIDITY BY INTENDING TO EXERCISE ITS OPTION TO BORROW FROM SNB UP TO CHF 50 BLN UNDER A COVERED LOAN FACILITY AS WELL AS A SHORT-TERM LIQUIDITY FACILITY
Added at 9:08pm
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— PiQ (@PriapusIQ) March 16, 2023 FTSE FUTURES JUMP 1%; EUROSTOXX FUTURES UP 1.5% AFTER CREDIT SUISSE ANNOUNCES BORROWING FROM SNB
Added at 9:09pm
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Credit Suisse to borrow up to about $54 billion from Swiss National Bank
Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility. The steps will “support Credit Suisse’s core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs,” the company said in an announcement. In addition, the bank is making a cash tender offer in relation to ten U.S. dollar denominated senior debt securities for an aggregate consideration of up to $2.5 billion – as well as a separate offer to four ... (full story)
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- Posted: Mar 15, 2023 8:50pm
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