Swiss Additional Tier 1 Capital (AT1) bonds are paying the price due to the controversial Credit Suisse write-down incident. According to compiled data, since Credit Suisse's $17 billion AT1 bond was fully written off, Swiss domestic banks' AT1 bond yield has increased higher than that of other European banks. Take UBS, the largest issuer of AT1 bonds in Switzerland, as an example. The bank's AT1 bond yield premium compared to similar bonds from other European banks has tripled since last Friday. On Wednesday, UBS announced an offer to buy back two priority “self-help” bonds issued a few days before it acquired Credit Suisse to calm investors' concerns about the risk of mergers and acquisitions. These two bonds have nothing to do with AT1.
瑞士银行业AT1债券集体受到市场惩罚
Swiss banking AT1 bonds are collectively punished by the market
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.