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1 year ago

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Breakingviews - Swiss CoCo litigation may have a broader payoff

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Breakingviews - Swiss CoCo litigation may have a broader payoff

Credit Suisse's CoCos are shaping up to be the bondholder litigation case of the century. Investors in the bank's 16 billion Swiss francs ($17.5 billion) of contingent convertible bonds think authorities were wrong to wipe them out as part of a state-sponsored rescue by UBS . Recovering any value will be tricky and take time. Still, there are broader reasons to put up a fight.

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Breakingviews - Swiss CoCo litigation may have a broader payoff

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Breakingviews - Swiss CoCo litigation may have a broader payoff

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