LONDON: Credit Suisse launched on Thursday a cash tender offer for its euro and US dollar denominated notes, according to a statement from the bank.

The lender plans to repurchase up to 500 million euros ($531.25 million) across four sets of notes due June 2023, September 2023 and May 2024, according to a memo seen by Reuters.

It also plans to repurchase up to $2.5 billion across ten dollar-denominated securities.

The offers will expire on March 22.

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Credit Suisse shares and bonds rallied in early European trading on Thursday after the company secured a $54 billion loan from the Swiss National Bank, aimed at shoring up liquidity and investor confidence.