Riskiest bank debt yields average of 8.2%

London

REGULATORS' efforts to make banks safer are paying off for investors who prefer to live a little dangerously.

Buyers of bank debt that would be written off first in a crisis earned an average of 8.2 per cent this year, according to Bank of America Merrill Lynch's contingent-capital index. The notes were the best-performing credit assets globally, according to Royal Bank of Scotland Group plc.