Banks reconsider AT1 chances as yields fall
Additional tier one capital (AT1) issuance has been conspicuous by its absence amid an incredible recovery in the bank finance market in recent weeks. Bankers now argue that new supply in the asset class could be just around the corner.
Investors have rediscovered their appetite for risk over the course of the last month, despite lingering uncertainty about the economic impact of Covid-19.
The easing of national lockdown measures in various European countries has given them reason for a little more optimism.Strong banks have capitalised ...