Check out the latest post on the SUARA SEACEN Blog by Amarendra Mohan:

The sophisticated investors in Credit Suisse AT1 bonds were surprised that the Additional Tier1 (AT1) bonds absorbed losses before equity shares. But this is precisely what is envisaged under Basel III to restore a bank to viability in a “going concern” context, and the terms of issuance of Credit Suisse AT1 bonds mentioned that this is possible in the case of a “viability event”.
 

Click to read.

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