Credit Suisse Crisis Overhang Sends Bond Funding Costs Higher
- Spreads to remain elevated at least in short term: ABN Amro
- Euro and sterling bond sales on Monday drew strong demand
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Credit Suisse Group AG is still feeling the effects in bond markets of two major missteps this year.
The lender on Monday issued its first euro and sterling notes since the collapse of Greensill Capital and Archegos Capital Management. While the sales left demand for the bank’s debt in no doubt -- orders passed a combined 4.7 billion euros-equivalent ($5.7 billion) -- they also highlighted increases in the bank’s funding costs since March.