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Credit Suisse unit launches A$500 mln bond debut

Tue Mar 9, 2010 11:39pm GMT 

 (For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)
 SYDNEY, March 10 (Reuters) - The Australian unit of Credit
Suisse has launched a four-year benchmark bond debut, a joint
lead said on Wednesday.
 Preliminary pricing indicates around 120 basis points over
swap with an issue size of at least A$500 million ($457
million), according to a source who has seen the terms.
 Pricing is expected by Thursday.
 Commomwealth Bank of Australia, Credit Suisse and National
Australia Bank are leading the offer, while ANZ, RBC Capital
Markets and Westpac Institutional Bank are co-leads.
 Credit Suisse AG, Sydney branch is rated A+ by S&P, Aa1 by
Moody's and AA- by Fitch.
 (Reporting by Cecile Lefort)