Credit Suisse Group said on 7 October that it is offering to repurchase debt securities for around $3bn as the Swiss-headquartered global banking group seeks to control its liabilities ahead of a restructuring.
It is offering to buy back eight euro-or pound sterling-denominated senior debt securities for a total of up to €1bn and 12 dollar-denominated securities for up to $2bn.
Both offers are subject to various conditions and will expire on 3 November and 10 November respectively, Credit Suisse said.
"The transactions are consistent with our proactive approach to managing our overall liability composition and optimizing interest expense and allow us to take advantage of market conditions to repurchase debt at attractive prices", the statement further said.
Earlier this week the Bank of England and Swiss Finma were said to be monitoring Credit Suisse as market concern rose about it financial health.
