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(Bloomberg) -- Credit Suisse Group AG said it will raise 4 billion Swiss francs ($4 billion) in a rights offer to bolster capital and will retain full ownership of its Swiss bank.

The Zurich-based lender said the offering is fully underwritten and will entail the sale of about 380 million shares, according to an e-mailed statement Wednesday from the bank.

Credit Suisse is raising capital to keep up with coming regulatory requirements and prepare for the possibility of even tougher rules. Switzerland strengthened its regulations last year, setting demands on high-quality assets that banks must hold to absorb losses in case of crises.

To contact the reporter on this story: Dale Crofts in Dubai at dcrofts@bloomberg.net.

To contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Christian Baumgaertel

©2017 Bloomberg L.P.

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