No certainty on AT1 calls amid coronavirus crisis
Aareal Bank has become the latest European financial institution to extend the life of an additional tier one instrument, as turbulent market conditions make it harder for banks to decide how to manage their capital structures.
Aareal Bank said over the weekend that it would not be calling its €300m 7.625% AT1 at the first opportunity on April 30.The German lender joins a number of other banks in having to decide whether to redeem capital securities, as markets sell off amid fears ...
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