The Business Times
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Additional Tier 1 bonds

Banking & Finance

UBS offers its first AT1 since Swiss authorities paused reforms

HDFC Bank, along with several other global firms, was caught up in the fallout and faced allegations of misselling.
Banking & Finance

Credit Suisse’s AT1 bond crash fuelled leadership crisis at HDFC

HSBC has a £1 billion AT1 bond that has its first call date in September.
Banking & Finance

AT1 bond market reopens with HSBC raising US$2.5 billion

Switzerland’s Federal Administrative Court has revoked a 2023 order to write down about US$17 billion of Credit Suisse AT1 notes as part of its takeover by UBS.
Banking & Finance

UBS raises US$3 billion from sale of Additional Tier 1 bonds

Drew & Napier has helped a group of 184 Japanese investors formally file a request for arbitration against the Swiss Confederation.
Companies & Markets

Drew & Napier, Withers to collaborate on claims against Switzerland over Credit Suisse AT1 losses

UBS chief executive officer Sergio Ermotti has defended the bank’s investment strategies after questions arose over the exposure.
Banking & Finance

UBS sells US$3.25 billion in first deal since AT1 ruling

The forced write-down of Credit Suisse's AT1 bonds in March 2023 led to significant losses for investors.
Companies & Markets

Withers to take action against Switzerland on Credit Suisse AT1 losses in Asia

The complete writedown of AT1 bonds in March 2023 decree – under a government-brokered rescue of Credit Suisse by UBS Group – had caused a furor, given that typically shareholders absorb losses before bondholders.
Singapore

Drew & Napier to sue Switzerland over Asia losses on AT1s

In March 2023, the Swiss government announced that US$17 billion worth of Credit Suisse perpetual bonds would be written off as part of UBS’ takeover of the bank.
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

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