Credit Suisse raises 2.24 billion francs with subscription rights

The prospect of the completion of the second part of the major capital increase supported the share price throughout the session.

The banking group Credit Suisse unveiled Thursday after the close of trading the result of the second part of its capital increase. The establishment with two veils collected as expected 2.24 billion francs. In total, 98.2% of the subscription rights were exercised.

Shareholders have acquired 873 million shares out of a total of 889 million newly issued, reports a press release. These will be listed and traded on the Swiss Stock Exchange from Friday.

The approximately 16.4 million shares that did not find a buyer will be sold on the market.

The prospect of the completion of this second part of the gigantic transaction, the first phase of which saw Saudi National Bank (SNB) enter the capital of the number two Swiss bank to the tune of nearly 10%, supported the share price for the whole session.

On the Swiss Stock Exchange, the registered Credit Suisse ended up nearly 3.2% at 2.94 francs, leading an SMI down marginally by 0.05%.

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