Page 6 - T1 News Today

Some holders of Credit Suisse AT1 bonds that were wiped out as part of the banks state-backed merger with UBS have instructed law firm Quinn Emanuel Urquhart & Sullivan to represent them for... | April 3, 2023

The law firm representing a group of Credit Suisse AT1 bondholders has been instructed to recover their losses from UBS.

The wipeout of 16 billion Swiss francs for the owners of Credit Suisses AT1 bonds is likely to result in a legal dispute. An international law firm has assembled a large group of clients willing to take legal action.

The AT1 Notes with a volume of the €300 million and a current coupon of 7.321 per cent were issued in November 2014. The Bank would have been able to call the outstanding AT1 Notes on the... | March 29, 2023

The treatment of Credit Suisse AT1 bondholders in the rescue by UBS has been controversial and caught the market by surprise. Additional tier 1 capital securities are also referred to as conditional... | March 29, 2023

The central banks of both jurisdictions have issued statements on the back of Credit Suisse’s merger with UBS that saw $17 billion in AT1 bonds wiped out.

27.03.2023 Press release Geothermal heat for buildings - Caverion and St1 Lähienergia combine expertise in geothermal projects for large-scale buildings in... | March 27, 2023

Some of the biggest names in investing held Credit Suisse's AT1 bonds, which were marked down to zero by the Swiss regulator a week ago.

The deal exposes the risks associated with the high yield securities and is likely to make bank borrowing through bonds more expensive in the short term.

The writing down to zero of Credit Suisse’s riskiest bonds worth US$17 billion is expected to adversely impact the AT1 bond segment, but Asia-Pacific banks are better protected by more supportive local authorities, analysts say.