Credit Suisse Group AG (SIX: CSGN) announced that it plans to issue new shares in a total amount of CHF 6 bn (€ 5.55 bn). A first tranche of this capital increase shall result in the issuance of registered shares to certain qualified investors. The second tranche shall be executed by way of a rights offering to existing shareholders, underwritten by a banking syndicate. Both tranches are subject to shareholder approval in an extraordinary general meeting planned for November 19, 2015. Through this capital increase, Credit Suisse Group intends to strengthen its Common Equity Tier 1 capital.

Homburger advised Credit Suisse in the structuring of the capital increase, on the transaction documentation, and on all Swiss law regulatory, tax and transactional aspects of the issuance, offering and listing of the new shares. Cleary Gottlieb acted as international counsel to Credit Suisse.

The Homburger team was led by partners Daniel Daeniker and Hansjürg Appenzeller (Corporate | M&A) and included client partner René Bösch (Financial Services), partners Peter Riedweg and Dieter Grünblatt (Tax), counsel Lee Saladino, associates Benjamin Leisinger and Urs Meier, junior associate Stefan Bindschedler (all Financial Services), as well as associates Micha Fankhauser and Simon Lang and junior associate Lara Alec (all Corporate | M&A).