Credit Suisse prices $1.1b of 4-yr bonds

Credit Suisse has priced its inaugural Australian bond sale, with the issue of $1.1 billion of four year notes.

The bonds will be made up of $600,000 of fixed rate notes with a yield of 6.7475 per cent per annum and a further $500,000 of floating rate notes which will yield the equivalent of the three month bank bill swap rate plus 120 basis points.

The maturity date is March 18, 2014 and the notes have been rated A+ by Standard & Poor's and Aa1 by Moody's Investors Service, arranger Commonwealth Bank of Australia said in a statement on Wednesday.

Credit Suisse and National Australia Bank were joint arrangers of the sale