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AT1
Zest
OCBC prices $450 mil perpetual capital securities first callable in 2029
As at 9.56am, shares in OCBC are trading 8 cents lower or 0.62% down at $12.80.
January 10, 2024
Zest
Investors are rationally crazy to buy UBS's Cocos
These bonds, known as Additional Tier One capital, or colloquially as CoCos, are complex and risky
November 12, 2023
Zest
UOB’s CET1 rebounds with net profit growth, dividends could rise
UOB to pay higher dividends as CET1 rebounds, exposure to US office property minimal
April 27, 2023
Zest
AT1 bond issuance may return, but market faces important tests ahead
T Rowe Price believe there is a potential risk of contagion to senior and other types of debt
April 26, 2023
Zest
BNM: AT1 bonds issued by Malaysian banks rank higher than equities
“It is [more] senior [than equities]. Our banks do not rely on AT1 for capital": BNM governor Tan Sri Nor Shamsiah Mohd Yunus.
March 30, 2023
Financially Savvy
The roles of AT1, CET1, bail-in and TLAC in banking stability
Asian regulators maintain that equity is junior to AT1 in the resolution of an FI. Also, a look at banks capital ratios
March 23, 2023
Zest
Equity holders will absorb losses before holders of AT1 and Tier 2 capital instruments: MAS
MAS says it intends to stick to the hierarchy of claims in liquidation if it needs to exercise its powers to resolve an FI.
March 22, 2023
Credit Suisse crisis
Credit Suisse’s AT1 wiped out but equity holders to receive UBS shares
In the Credit Suisse crisis, this is why equity holders are partially saved while bondholders get nothing
March 20, 2023