Credit Suisse Asset Management Upsizes GigNet Facility

Credit Suisse Asset Management has agreed to increase the funds available under a credit facility established one year ago for Cobalt Broadband Services, an operating subsidiary in Mexico of GigNet.

Credit Suisse Asset Management Finances Cobalt Broadband

Cobalt Holdings’ wholly owned Mexican subsidiary Cobalt Broadband Services closed a substantial credit facility with the Mexico Credit Opportunities Fund II, managed by Credit Suisse Asset Management.

Commodities Fall Flat in October

Commodities were relatively flat in October, according to Credit Suisse. In addition, the Bloomberg Commodity Index performance was slightly negative, with 12 out of 22 index constituents trading lower.

Commodity Index Performance Negative in September

In September, 14 out of 22 Index constituents traded lower, according to the Bloomberg Commodity Index. Credit Suisse Asset Management said commodities were lower in the month due to fundamental factors.