UPDATE 1-Credit Suisse prices A$600 mln 5-year FRN

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SYDNEY, Aug 30 (BestGrowthStock) – Credit Suisse AG, Sydney branch,
(CSGN.VX: ) has priced A$600 million ($537 million) in five-year
floating rate notes at 158 basis points over BBSW, a joint lead
said on Tuesday.

Strong demand allowed the borrower to slightly cut the
margin from around 160 basis points and increase it from A$500
million.

The borrower capped the offer at A$600 million.

The notes will be repo-eligible with the Reserve Bank of
Australia.

Total Australian dollar bond issuance this year, excluding
asset-backed securities, stands at A$63 billion. This is
slightly more than the volume seen at the same time last year,
Thomson Reuters data shows.

Deal details are as follows:

Issuer: Credit Suisse AG Sydney branch

Facility: Domestic floating rate notes

Amount issued: A$600 mln

Maturity: Sept 8, 2015

Set date: Sept 8

Coupon: +158bp/3mBBSW

Yield: +158bp/3mBBSW

Spread: +158bp/3mBBSW

Issue price: 100

Lead(s): CBA, Credit Suisse, NAB

Issue ratings: A+ (S&P), Aa1 (Moody’s), AA- (Fitch)
(Reporting by Cecile Lefort; Editing by Ed Davies)

UPDATE 1-Credit Suisse prices A$600 mln 5-year FRN