Supply hopes dwindle after ‘bloodbath’ in AT1s
An alarming sell-off in the additional tier one market this week has added to investor woes after a brutal year for returns. New supply of subordinated debt is likely to be off the table in 2018, unless banks find the stomach for huge new issue premiums.
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