Santander, UniCredit discover sea change in AT1 demand
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Santander, UniCredit discover sea change in AT1 demand

AT1

Santander and UniCredit reopened the door to the additional tier one market this week only to find what lay behind it was a very different dynamic from the one borrowers experienced before summer. An expected burst of supply is on the way and historically low coupons are causing investors to shy away from the AT1 from major European banks.

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