Credit Suisse (CS) CEO Brady Dougan hopes to issue as much as $30B in contingent-capital bonds...

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

Credit Suisse (CS) CEO Brady Dougan hopes to issue as much as $30B in contingent-capital bonds over the next few years as a reassuring move ahead of tougher capital rules that go into effect in 2019. So-called coco bonds convert into equity or other capital if a bank's financial strength begins to weaken.