How Should Investors Think About AT1 Bonds Now After the Credit Suisse Fiasco?

Posted on 03/22/2023

A number of Credit Suisse bondholders are looking at legal action after US$ 17 billion of the bank’s additional tier-one (AT1) bonds were wiped out as part of its emergency sale to UBS Group AG. On March 20, 2023, Swiss regulator FINMA announced that the AT1s will be written down to zero, while stock investors…

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