DHY Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund (NYSE Amex: DHY) (the "Fund") announced today the results of its transferable rights offering (the "Offer"). An aggregate of 18,725,102 common shares of the Fund will be issued pursuant to subscriptions by rights holders through the Offer. The Offer, which commenced on September 13, 2010 and expired on October 15, 2010, was over-subscribed. The subscription price was $2.72 per share and was determined based upon a formula equal to 92.5% of the average of the last reported sales price of the Fund's common shares on the NYSE Amex on the expiration date and each of the four preceding trading days. Shares subscribed for will be issued promptly after receipt of all shareholder payments and the pro-rata allocation of shares in connection with the Offer's over-subscription privilege.

Gross proceeds of the Offer are expected to be approximately $51 million. The Fund intends to invest the additional capital raised from the Offer to take advantage of available existing and future attractive investment opportunities and seek to enhance the Fund's future risk-adjusted returns consistent with its investment objectives.

The Fund is a non-diversified, closed-end management investment company with a leveraged capital structure. The Fund's primary investment objective is to seek high current income. The Fund also seeks capital appreciation as a secondary objective to the extent consistent with its objective of seeking high current income. Under normal market conditions, the Fund invests at least 80% of its total assets in fixed income securities of U.S. issuers rated below investment grade quality (lower than Baa by Moody's Investors Services, Inc. or lower than BBB by Standard & Poor's, a subsidiary of The McGraw-Hill Companies, Inc.), or in unrated income securities that Credit Suisse Asset Management, LLC, the Fund's investment adviser, determines to be of comparable quality. There can be no assurance that the Fund will achieve its investment objectives.

Before investing in the Fund, investors should carefully consider the investment objectives, risks and expenses of the Fund. This information, including other information concerning the Fund can be found on file with the U.S. Securities and Exchange Commission. An investor should carefully read the prospectus before investing.

This announcement is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

Credit Suisse Asset Management, LLC, the Fund's investment adviser, is part of the Asset Management business of Credit Suisse Group AG, a leading global financial services organization headquartered in Zurich.

Contact: The Altman Group, Inc. Warren Antler (212) 400-2605 Email Contact Credit Suisse High Yield Bond Fund Eleven Madison Avenue New York, New York 10010