AT1 bonds are popular among European banks as a way to build up safety buffers. While AT1s pay high interest to bondholders, their mechanics can make them a risky investment.

The debacle involving Credit Suisse's US$17 billion Additional Tier-1 (AT1) capital instrument has put the asset class in the firing line, threatening to shut the funding avenue and forcing ...

AT1 bonds are popular among European banks as a way to build up safety buffers. Following the 2008 financial crisis, many countries in Europe signed on to a regulatory framework called Basel III, ...

AT1 bonds are also known as “contingent convertibles,” or “CoCos”. They were created in the wake of the 2008 financial crisis as a way for failing banks to absorb losses, making a taxpayer ...

The market for AT1 bonds, ... Goldman Sachs and Natixis. Its issue was part of a 2023 financing plan and was its fifth debt issuance so far this year. ($1 = 0.9265 euro) ...

Investors in the US$250 billion-odd market for AT1 notes may shun new offerings after the Credit Suisse debacle. Banks could be forced to turn to costlier funding avenues, analysts at Fitch and ...

French bank Societe General SA’s $1.25 billion 7.375% AT1 bond is the worst performing security in U.S. corporate bond markets today, dropping 15% to 80 cents on the dollar. The drop is part of ...

High demand for Additional Tier 1 bonds is allowing banks to add in clauses that give them more flexibility over when and how they redeem the risky debt.. So-called clean-up call options have been ...

Barclays is selling U.S. dollar-denominated AT1 bonds, with initial price talk on the issue at 8.125% and a coupon reset date on March 15, 2035. UniCredit is selling 1 billion euros ($1.05 billion ...

Swiss bank UBS is marketing two dollar-denominated additional tier 1 (AT1) bonds--a 5-year perpetual non-call bond at an initial price talk of 7.75%, and a 9.5-year perpetual non-call bond at an ...

Swiss bank UBS is marketing two dollar-denominated additional tier 1 (AT1) bonds--a 5-year perpetual non-call bond at an initial price talk of 7.75%, and a 9.5-year perpetual non-call bond at an ...