Credit Suisse successfully raises $4.3B Capital
Investors agreed to buy 98.2% of the number of stocks offered for sale and Credit Suisse has raised 2.24 billion francs, according a statement by Credit Suisse late on December 8. The remaining amount of stock options will be sold on the market at or above the offering price of 2.52 Francs/unit.
Investors agreed to buy 98.2% of the number of stocks offered for sale and Credit Suisse has raised 2.24 billion francs, according a statement by Credit Suisse late on December 8. The remaining amount of stock options will be sold on the market at or above the offering price of 2.52 Francs/unit.
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The new capital will help the bank cover the cost of withdrawing from investment banking businessand cut 9,000 employees.
The successful fundraising could put an end to Credit Suisse stock price volatility over the past few weeks.
Credit Suisse stocks rose 3.2% on December 8. Amount of new stocks will start trading from December 9 on the Swiss stock exchange.
Credit Suisse successfully raises $4.3B Capital
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