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Search resuls for: "Lucy Raitano Pablo Mayo Cerqueiro"


2 mentions found


☆ Credit Suisse raises 'milestone' $2.4 billion in revamp cash call
  + stars: | 2022-12-08 | by ( John Revill Lucy Raitano Pablo Mayo Cerqueiro | John Revill | Lucy Raitano | ) www.reuters.com   time to read: +4 min
"The successful completion of the capital increase is a key milestone for the new Credit Suisse," its chief executive Ulrich Koerner said in a statement. Credit Suisse had already raised 1.8 billion francs by placing stock with a group of institutional investors led by Saudi National Bank (1180.SE). The exercise of subscription rights left only 16.4 million shares unsold. These are due to be sold on the market at or above the offer price of 2.52 Swiss francs, Credit Suisse said. Credit Suisse, has been battered by mishaps, including a $5.5 billion loss on U.S. investment firm Archegos.
☆ Hopes run high for Credit Suisse multi-billion cash call
  + stars: | 2022-12-08 | by ( Lucy Raitano Pablo Mayo Cerqueiro | Lucy Raitano | Pablo Mayo Cerqueiro | ) www.reuters.com   time to read: +4 min
Credit Suisse has already placed some 1.8 billion francs worth of shares with a group of institutional investors led by Saudi National Bank. "The rights issue is the necessary start to the process, said Jerome Legras of Axiom Alternative Investments. REVAMP AND RECORD LOWSCredit Suisse shares, which have plumbed record lows, were buoyed last week as its leadership sought to reassure markets. After closing above 3 Swiss francs on Monday, they have retreated slightly, finishing Wednesday’s session at 2.851 Swiss francs. Crucially, they have held above the deal subscription price of 2.52 Swiss francs and were at 2.821 Swiss francs, down around 1% in mid-session trade on Thursday.
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