ZURICH, Dec 8 (Reuters) – Credit score Suisse (CSGN.S) on Thursday introduced the ultimate results of its 4 billion Swiss franc ($4.25 billion) capital elevate, saying 98.2% of shareholder rights to purchase inventory at a reduction had been taken up within the second a part of the fundraising.
Switzerland’s second greatest financial institution mentioned subscription rights for 872.9 million new shares had been used within the capital hike, meant to fund an overhaul of the scandal-plagued lender.
This meant 2.24 billion francs had been raised by Credit score Suisse, as anticipated, along with the 1.8 billion francs raised from an earlier putting of inventory with a gaggle of institutional traders led by Saudi Nationwide Financial institution.
($1 = 0.9406 Swiss francs)
Reporting by John Revill; Modifying by Kirsten Donovan
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