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MarketAxess: Investors still cautious on AT1 following Credit Suisse selloff

Riad Chowdhury (left), Erik Tham (right)

Asian investors are still cautious on Additional Tier-1 (AT1) bonds following the Credit Suisse selloff, with investors adopting a wait-and-see approach, Erik Tham of MarketAxess, told Asian Private Banker. Following the collapse and subsequent acquisition of Credit Suisse by UBS, the Swiss government’s decision to write down US$17 billion of Credit Suisse AT1 Bonds hit the wider AT1 market. Bond…

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