Banks reopen AT1 market for the first time in a month

Frank Jackman,

Tyler Davies

November 12, 2020 06:00 pm

NatWest_Group_PA_575x375_121120 — Undated file photo of a branch of NatWest, which became the latest bank to beat gloomy expectations as it reported a profit when analysts had predicted a loss. | Matt Crossick/PA

NatWest Group and Société Générale reopened the additional tier one (AT1) market to some fanfare this week, as investors showed they were hungry for yield by snapping up the deals.

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Topics

Santander Bank Capital JP Morgan Credit Suisse BNP Paribas UK Europe Regulatory Capital EMEA FIG Svenska Handelsbanken

FJ

Frank Jackman

Corporate Debt Editor

TD

Tyler Davies