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AT1 bonds need a name change. Call them FinCat bonds, catastrophe bonds for the financial sector

Recognise AT1 bonds as insurance, rather than pure debt. Once AT1 bonds are understood as insurance by a bank that is still a going concern, against a calamitous loss, the expectation that they should be bailed in only after equity is written off would disappear
Credit Suisse Supreme Court Additional Tier Yes Bank State Bank Common Equity Tier

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CREDIT SUISSE AT1s: Pallas Partners forming Investor Group

L’AFP est une agence d’information globale, assurant une couverture rapide, complète et vérifiée des événements de l’actualité comme des thèmes qui façonnent notre quotidien. Avec un réseau de journalistes sans égal, déployé sur 151 pays, l'AFP est en outre un leader mondial de l’investigation nu...
United Kingdom City Of New York United States Tracey Dovaston Fiona Huntriss
Source: afp.com

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