IFLR1000

Swiss Credit Card Issuance 2015-1 and 2015-2 SFr400 million securitisations

1/6/2015
Asset Backed Securities (ABS), Securitisation
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SFr 400 million

$ 396.275 million

Completed

1/6/2015

Overview:

  • Credit Suisse and Swisscard, via Swiss Credit Card Issuance 2015-1 and 2015-2, have issued SFr400 million in notes.
  • Swiss Credit Card Issuance 2015-1 is made up of SFr190 million 0.180% notes due 2020, SFr6 million 1.125% notes due 2020 and SFr4 million 1.875% notes due 2020.
  • Swiss Credit Card Issuance 2015-2 is made up of SFr190 million notes due June 2020, SFr6 million notes due June 2020 and SFr4 million notes due June 2020.
  • The issue is backed by Swiss Visa, MasterCard, and American Express credit card receivables.
  • UBS acted as lead manager, bookrunner and co-arranger
  • Stormharbour acted as co-arranger.
  • Zürcher Kantonalbank acted as senior co-manager.

Rani Mehta - Journalist 

Jurisdiction:

Switzerland

Deal types:

Asset Backed Securities (ABS)
Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Governing laws:

England and Wales
Switzerland

Industry sector:

Financial services

Firms:
Cadwalader Wickersham & Taft

Party: Credit Suisse (Originator)

Freshfields Bruckhaus Deringer

Party: UBS (Lead manager, Bookrunner, Arranger)

Party: Stormharbour (Arranger)

Party: Zürcher Kantonalbank (Manager)

Niederer Kraft Frey

Party: UBS (Lead manager, Bookrunner, Arranger)

Party: Stormharbour (Arranger)

Party: Zürcher Kantonalbank (Manager)

Lawyers: Daniel Bono, Philippe Weber

Walder Wyss

Party: Credit Suisse (Issuer)

Party: Swisscard (Issuer)

Lawyers: Johannes Bürgi, Lukas Wyss

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