Credit Suisse has placed a SARON-linked AT1, claiming it is the first public issue in the Swiss franc market to use the RFR. The security has a fixed rate coupon until five-year, after which it will pay the its first call date mid-swap rate referencing SARON.
Credit Suisse has placed a SARON-linked AT1, claiming it is the first public issue in the Swiss franc market to use the RFR. The security has a fixed rate coupon until its first call date, after which it will pay the five-year mid-swap rate referencing SARON.