IFLR1000

Swisscard and Credit Suisse – Swiss Credit Card Issuance 2018-1 SFr 200 million securitisation

15/6/2018
Securitisation
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SFr 200 million

$ 219.840 million

Completed

15/6/2018

Overview:

  • Swisscard has completed a Swiss credit card securitisation of Swiss Credit Card Issuance 2018-1 issue.  
  • Swiss Credit Card Issuance 2018-1 is made of SFr190.4 million 0.10% asset backed class A notes, SFr6 million 0.85% asset backed class B notes and SFr3 million 1.875% asset backed class C notes.

Rajeeb Gurung - Researcher

Jurisdiction:

Switzerland

Deal type:

Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Financial services

Firms:
Cadwalader Wickersham & Taft

Party: Swisscard (Originator)

Party: Swiss Credit Card Issuance 2018-1 (Issuer)

Clifford Chance

Party: Credit Suisse (Arranger)

Party: Zürcher Kantonalbank (Lead manager)

Niederer Kraft Frey

Party: Credit Suisse (Arranger)

Party: Zürcher Kantonalbank (Lead manager)

Walder Wyss

Party: Swisscard (Originator)

Party: Swiss Credit Card Issuance 2018-1 (Issuer)

Lawyers: Johannes Bürgi, Lukas Wyss

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