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Cover Story: AT1 capital plays minimal role, unlikely to hit stability of Malaysian banks and funds

PRIOR to the Swiss governmentโ€™s decision on the UBS Group AG-Credit Suisse Group AG merger, which led to the write-down of the latterโ€™s CHF16 billion (RM77 billion) Additional Tier 1 (AT1) capital, or contingent convertible (CoCo) bonds, not many in Malaysia would have heard of these hybrid securities that have the characteristics of both debt and equity.
Angus Salim Amran Suisse Coco Awang Adek Hussin Bhd Maybank Shamsiah Mohd Yunus Holdings Bhd

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