AT1 market dealt blow after blow as issuers risk September lock-out
Prolonged weakness in the secondary market for additional tier one (AT1) securities was whipped up to become a full on correction on Wednesday. That drove market participants to say that prospects are dwindling for issuance until after the Asset Quality Review in October, meaning borrowers will miss the glut of early autumn liquidity — one of the busiest times in the issuance calendar.
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