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Credit Suisse’s catastrophe bonds could outlive the bank

Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank.
Photo: Fabrice Coffrini/AFP/Ritzau Scanpix
Photo: Fabrice Coffrini/AFP/Ritzau Scanpix
By Lucca de Paoli / Bloomberg

Credit Suisse’s Operational Re bonds, insurance-linked securities that cover the bank against perils such as falling victim to fraud and accounting errors, should remain unaffected by the bank’s government-brokered sale to UBS Group AG, according to rating agency DBRS Morningstar. 

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