The Business Times

Additional Tier 1 bonds

Companies & Markets

Over 500 investors, including 300 Singaporeans, kick off claim against Switzerland over Credit Suisse bond losses of over US$250 million

ATI bonds were introduced in the aftermath of the global financial crisis to prevent taxpayers from picking up the cost for a bank’s failure.
Banking & Finance

Australia moves ahead to scrap AT1 bonds after Credit Suisse hit

The local banks will likely only take a hit if Singapore’s regulators follow suit, but analysts said this will unlikely happen given the difference in the investor pool from Australia and that there is enough appetite for AT1s here.
Companies & Markets

Australia’s plan to scrap AT1 bonds unlikely to affect Singapore banks

Under APRA’s proposal, the transition will start from Jan 1, 2027, with all current AT1 bonds on issue expected to be replaced by 2032.
Banking & Finance

Australia to phase out AT1 bonds for bank capital after Credit Suisse wipeout

UBS said that as of May 10, the decision covers four outstanding AT1 issuances made since November 2023, three worth a total of US$4.5 billion and one more with a value of S$650 million.
Banking & Finance

UBS announces equity conversion provision for almost US$5 billion in AT1 debt

The claims will be decided on the basis of international investment agreements, including the Bilateral Investment Treaties or Free Trade Agreements, which classify the action of writing down the bonds as expropriation, Clyde & Co said.
Companies & Markets

Law firm to launch investment treaty claims against Swiss government for Credit Suisse AT1 write-downs

The market for new AT1s by European banks has been busy this week.
Banking & Finance

UBS US$1 billion AT1 sale rakes in nearly US$12 billion of orders

FILE PHOTO: The company's logo is seen at a branch of Swiss bank UBS in Zurich, Switzerland February 2, 2016. REUTERS/Arnd Wiegmann
Banking & Finance

UBS offers US$1 billion AT1s in fast start to its funding plan

Most market watchers also expect more issuances to come this year, given that the bonds are part of banks’ capital adequacy requirements.
Banking & Finance

Investors’ fear over AT1 bonds long gone; supply expected to rise

The latest group of plaintiffs allege that Mitsubishi UFJ Morgan Stanley Securities violated a suitability principle by selling the bonds to regular investors even though the products are for professional institutions.
Banking & Finance

MUFG brokerage JV sued again over Credit Suisse AT1 losses

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