Investors in a riskier type of Credit Suisse's bonds had their holdings slashed to zero Sunday after Swiss authorities brokered an emergency takeover of the bank by rival UBS. On Sunday, the Swiss ...
After bouncing back from Credit Suisse’s AT1 writedown debacle, the market for European banks’ riskiest debt is set to be tested again, with $84 billion notes facing calls in the next two years. The ...
When Credit Suisse faced liquidity issues in March 2023, the Swiss government invoked its emergency powers in order to rescue it. As part of ...
UBS ’s issuance of $3.5 billion in Additional Tier 1 bonds last week attracted strong demand, providing support to a market which is still recovering from the effects of the complete write-down of ...
Additional Tier 1 bonds have chalked up their biggest bull run ever, with a relentless rally in the risky bank debt showing no signs of letting up — despite some concerns about the market getting ...
Canara Bank successfully raised Rs 3,500 crore through a new issuance of Basel III-compliant Additional Tier I bonds. The ...
The Additional Tier 1 market was thrust unwillingly into the limelight in 2023 as Credit Suisse collapsed in March, taking with it its entire stack of AT1 capital. The turmoil that followed worried ...
UBS Group AG has begun the sale of hotly-anticipated additional tier 1 bonds, marking its first issuance of the securities since Credit Suisse’s writedown of about $17 billion of the debt. The bank is ...
0851 GMT – The AT1 bond market is attractive as the bonds offer greater risk-reward compared to other fixed income assets, says Algebris Investments in a note. The European AT1 bond market reopened ...