Credit Suisse offers to buy back debt securities worth 3 bn Swiss francs

Credit Suisse Group AG is offering to buy back debt securities for cash worth approximately 3 billion Swiss francs, just as the embattled lender tries to put finishing touches on a planned overhaul

Credit Suisse Group AG is offering to buy back debt securities for cash worth approximately 3 billion Swiss francs ($3 billion), just as the embattled lender tries to put the finishing touches on a planned overhaul.   
 

“The transactions are consistent with our proactive approach to managing our overall liability composition and optimizing interest expense and allow us to take advantage of market conditions to repurchase debt at attractive prices,” it said in a statement Friday.

Credit Suisse is weeks away from announcing the results of a major strategic review, which is likely to also include asset sales or market