AT1 investors chirpy as coupons rise in payment pecking order
The European Commission handed investors in additional tier one (AT1) a boost this week when it gave explicit preference to payment of coupons on the paper over dividend payments and bonus accruals.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts