5 апр. 2024 г. · One year has passed since the Credit Suisse AT1 bond default. In this article, we take a look at the lessons learned from this banking crisis.

24 мар. 2023 г. · Fixed income investors were shocked by the write down of Credit Suisse's AT1 debt to zero. One bank adviser and a bond investor said the Swiss ...

7 июн. 2024 г. · It described Switzerland's decision to write down the plaintiffs' AT1 value to zero as “an unlawful encroachment on the property rights of the ...

23 окт. 2023 г. · Crédit Suisse shareholders retained value amounting to around $3.4bn while the investment of AT1 bondholders was entirely written off. Some ...

8 июн. 2023 г. · The Swiss financial regulator is being dragged before the courts, accused of ripping off Credit Suisse AT1 bondholders during the forced takeover by UBS.

24 апр. 2023 г. · AT1 bonds are a type of hybrid debt issued by banks. In a financial crisis of the bank (“trigger event”), they are written down or converted into equity.

6 июл. 2023 г. · In this article, we analyse the motives and mechanics of the write-down and argue that, given the bond terms, the prospect for a legal challenge by the ...

18 окт. 2024 г. · A decision in the legal dispute concerning the worthless AT1 bonds of Credit Suisse against Switzerland in New York is not expected until next year.

A complete write-down of the nominal value of all AT1 debt of Credit Suisse in the amount of around CHF 16 billion, and thus an increase in core capital.