As the ailing lender attempts to control its liabilities before a much-touted restructuring, Credit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion.
For a total of up to 1 billion euros ($979.2 million), the Swiss bank said it will repurchase eight senior debt instruments denominated in either euros or pounds sterling.
Additionally, it is promising to pay up to $2 billion to buy back 12 securities denominated in US dollars.
According to Credit Suisse, these offers are subject to a number of restrictions and will end on November 3 and November 10, respectively.
A few Credit Suisse bonds and the lender's stock both decreased in value at the start of this week due to concerns about its financial stability.
It also has a $2 billion buyback offer for 12 securities denominated in US dollars.
According to Credit Suisse, both offers have certain restrictions and end on Nov. 3 and Nov. 10, respectively.