ZURICH, April 27 Credit Suisse Group
said on Thursday it had finalised the banking syndicate
underwriting its 4 billion Swiss franc ($4 billion) rights
offering, adding more banks to the list of participants.
The banking syndicate has committed, subject to customary
conditions, to firmly underwrite the new registered shares to be
issued as part of the capital raising announced by the
Zurich-based bank on Wednesday.
The capital hike was announced after it ditched plans to
raise money by listing part of its Swiss business and is aimed
at getting its financial strength back on a par with rivals.
Credit Suisse is acting as global coordinator for the rights
offering, with Deutsche Bank and Morgan Stanley acting as joint
lead managers and joint bookrunners.
Banca IMI, Banco Santander, BBVA, BNP Paribas, BofA Merrill
Lynch, Citigroup, Goldman Sachs International, HSBC, ING,
JPMorgan, Natixis, RBC Capital Markets, Societe Generale
Corporate & Investment Banking and UniCredit Bank AG are acting
as joint bookrunners.
ABN AMRO, Bank Vontobel, Commerzbank, Crédit Agricole CIB,
KBC Securities, Mediobanca, Mizuho International plc, Rabobank,
SMBC Nikko and Zuercher Kantonalbank are acting as co-lead
managers, Credit Suisse said in a statement.
($1 = 0.9938 Swiss francs)
(Reporting by John Revill, editing by David Evans)