Has the bottom fallen out of AT1 bond markets?
By Marie KemplayMarch 30, 2023
Events in Zurich have rattled investors and revived longstanding concerns about the status of AT1 bonds during bank insolvencies and restructurings.
The $260bn Additional Tier 1 (AT1) bond market is stuttering after the unexpected wipeout of $17bn-worth of Credit Suisse bonds sparked fears of similar write-downs, and forced investors to ...
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