Credit Suisse High Yield Fund Completes Successful Rights Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2026
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Source: Newsfilter
- Offering Overview: Credit Suisse High Yield Credit Fund successfully completed its transferable rights offering on May 14, 2026, issuing a total of 34,536,541 shares and raising approximately $60.4 million, indicating strong market demand for the fund.
- Subscription Pricing: The subscription price was set at $1.75 per share, determined at 86% of the net asset value on the expiration date, effectively attracting investor participation and reflecting the fund's investment appeal.
- Oversubscription Status: The offering was oversubscribed, demonstrating investor confidence in the fund's future returns, which is expected to further enhance the fund's capital base and investment capacity.
- Investment Strategy and Goals: The fund intends to invest the net proceeds in line with its investment objectives, primarily seeking high current income while also aiming for capital appreciation, ensuring long-term stable returns.
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About DHY
Credit Suisse High Yield Bond Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high current income. The Fund will also seek capital appreciation as a secondary objective. The Fund invests in various sectors, such as advertising, aerospace and defense, auto parts and equipment, automakers, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, diversified capital goods, electronics, energy exploration and production, environmental, food-wholesale, gas distribution, health facilities, health services, real estate investment trusts, software-services, specialty retail, steel producers/products, support-services, theaters and entertainment, transport infrastructure/services, machinery, collateralized debt obligations, restaurants, pharmaceuticals and packaging. The Fund's investment advisor is Credit Suisse Asset Management, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Credit Suisse High Yield Fund Completes Successful Rights Offering
- Offering Overview: Credit Suisse High Yield Credit Fund successfully completed its transferable rights offering on May 14, 2026, issuing a total of 34,536,541 shares and raising approximately $60.4 million, indicating strong market demand for the fund.
- Subscription Pricing: The subscription price was set at $1.75 per share, determined at 86% of the net asset value on the expiration date, effectively attracting investor participation and reflecting the fund's investment appeal.
- Oversubscription Status: The offering was oversubscribed, demonstrating investor confidence in the fund's future returns, which is expected to further enhance the fund's capital base and investment capacity.
- Investment Strategy and Goals: The fund intends to invest the net proceeds in line with its investment objectives, primarily seeking high current income while also aiming for capital appreciation, ensuring long-term stable returns.
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- Market Resilience: Despite the ongoing closure of the Strait of Hormuz and oil prices rising to $107 per barrel, credit spreads have only widened modestly, indicating strong investor appetite for corporate debt and suggesting that the credit market can withstand short-term shocks.
- Stable Corporate Debt: Investment-grade spreads in Europe and the U.S. remain around 92 basis points, reflecting investor confidence in corporate balance sheets, even as macroeconomic uncertainties rise and default risks are perceived as manageable.
- Earnings Season Support: Many companies have exceeded expectations during earnings season, with growth near 20%, providing some stability to the market, although the impact of rising energy costs and supply chain disruptions from the Middle East conflict may not yet be fully captured.
- Investor Strategy Shift: The report suggests that corporate bonds may serve as a relatively safe investment amid geopolitical tensions, with SocGen recommending an overweight position in euro investment-grade debt, particularly in sectors like financials, utilities, and real estate.
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Insider Buying Sparks Attention Among Bargain Hunters
- Alzamend Neuro Purchase: Milton C. Ault III of Alzamend Neuro made a notable insider purchase on Tuesday, acquiring 108,388 shares at $1.00 each for a total of $108,897, reflecting confidence in the company's growth potential and contributing to an 11% increase in stock price on Friday.
- Credit Suisse High Yield Bond Fund Transaction: Charles Gerber bought 16,000 shares of the Credit Suisse High Yield Bond Fund at $1.88 per share on Thursday, totaling $30,080, marking his first purchase in the past twelve months, although the fund's price dipped about 0.3% on Friday.
- Significance of Insider Buying: Insider purchases are often viewed as positive indicators of a company's future performance, especially during market volatility, prompting investors to pay attention to these transactions for potential investment opportunities.
- Market Reaction Analysis: The rise in Alzamend Neuro's stock price aligns with Ault's purchase, indicating optimistic market sentiment towards the company's prospects, while the slight decline in Credit Suisse High Yield Bond Fund may reflect market uncertainty regarding its future returns.
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Credit Suisse to pay $511 million as part of agreement with US DOJ in tax case By Reuters
Credit Suisse Guilty Plea: Credit Suisse Services AG pleaded guilty to U.S. charges of aiding wealthy Americans in tax evasion, agreeing to pay over $510 million for hiding more than $4 billion in offshore accounts, violating a previous 2014 plea agreement.
UBS Involvement and Future Cooperation: UBS, which acquired Credit Suisse in 2023, stated it was not involved in the misconduct but will cooperate with ongoing investigations as part of a non-prosecution agreement following the guilty plea.
See More
Credit Suisse High Yield Fund Completes Successful Rights Offering
- Offering Overview: Credit Suisse High Yield Credit Fund successfully completed its transferable rights offering on May 14, 2026, issuing a total of 34,536,541 shares and raising approximately $60.4 million, indicating strong market demand for the fund.
- Subscription Pricing: The subscription price was set at $1.75 per share, determined at 86% of the net asset value on the expiration date, effectively attracting investor participation and reflecting the fund's investment appeal.
- Oversubscription Status: The offering was oversubscribed, demonstrating investor confidence in the fund's future returns, which is expected to further enhance the fund's capital base and investment capacity.
- Investment Strategy and Goals: The fund intends to invest the net proceeds in line with its investment objectives, primarily seeking high current income while also aiming for capital appreciation, ensuring long-term stable returns.
See More
Credit Markets Show Resilience Amid Geopolitical Tensions
- Market Resilience: Despite the ongoing closure of the Strait of Hormuz and oil prices rising to $107 per barrel, credit spreads have only widened modestly, indicating strong investor appetite for corporate debt and suggesting that the credit market can withstand short-term shocks.
- Stable Corporate Debt: Investment-grade spreads in Europe and the U.S. remain around 92 basis points, reflecting investor confidence in corporate balance sheets, even as macroeconomic uncertainties rise and default risks are perceived as manageable.
- Earnings Season Support: Many companies have exceeded expectations during earnings season, with growth near 20%, providing some stability to the market, although the impact of rising energy costs and supply chain disruptions from the Middle East conflict may not yet be fully captured.
- Investor Strategy Shift: The report suggests that corporate bonds may serve as a relatively safe investment amid geopolitical tensions, with SocGen recommending an overweight position in euro investment-grade debt, particularly in sectors like financials, utilities, and real estate.
See More
Insider Buying Sparks Attention Among Bargain Hunters
- Alzamend Neuro Purchase: Milton C. Ault III of Alzamend Neuro made a notable insider purchase on Tuesday, acquiring 108,388 shares at $1.00 each for a total of $108,897, reflecting confidence in the company's growth potential and contributing to an 11% increase in stock price on Friday.
- Credit Suisse High Yield Bond Fund Transaction: Charles Gerber bought 16,000 shares of the Credit Suisse High Yield Bond Fund at $1.88 per share on Thursday, totaling $30,080, marking his first purchase in the past twelve months, although the fund's price dipped about 0.3% on Friday.
- Significance of Insider Buying: Insider purchases are often viewed as positive indicators of a company's future performance, especially during market volatility, prompting investors to pay attention to these transactions for potential investment opportunities.
- Market Reaction Analysis: The rise in Alzamend Neuro's stock price aligns with Ault's purchase, indicating optimistic market sentiment towards the company's prospects, while the slight decline in Credit Suisse High Yield Bond Fund may reflect market uncertainty regarding its future returns.
See More
Credit Suisse to pay $511 million as part of agreement with US DOJ in tax case By Reuters
Credit Suisse Guilty Plea: Credit Suisse Services AG pleaded guilty to U.S. charges of aiding wealthy Americans in tax evasion, agreeing to pay over $510 million for hiding more than $4 billion in offshore accounts, violating a previous 2014 plea agreement.
UBS Involvement and Future Cooperation: UBS, which acquired Credit Suisse in 2023, stated it was not involved in the misconduct but will cooperate with ongoing investigations as part of a non-prosecution agreement following the guilty plea.
See More
