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Credit Suisse property fund postpones planned capital hike

Credit Suisse property fund postpones planned capital hike

"The fund management will closely monitor the development of the market and will decide in due course on a possible implementation of the capital increase for Credit Suisse Real Estate Fund Green Property," the Swiss bank noted.

The Swiss bank said on Monday a successful issue in the fourth quarter could not be guaranteed. The Swiss bank said on Monday a successful issue in the fourth quarter could not be guaranteed.

The management of Credit Suisse Real Estate Fund Green Property has postponed a capital increase announced for the fourth quarter, citing high volatility for property funds and a market environment which has deteriorated significantly.

The Swiss bank said on Monday a successful issue in the fourth quarter could not be guaranteed.

"The fund management will closely monitor the development of the market and will decide in due course on a possible implementation of the capital increase for Credit Suisse Real Estate Fund Green Property," it added.

Published on: Oct 03, 2022, 1:12 PM IST
Posted by: Mehak Agarwal, Oct 03, 2022, 1:05 PM IST