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  1. www.reuters.com › markets › why-markets-are-uproar-over-risky-bank-bond-known-at1Explainer: What are AT1 bonds and why are Credit Suisse's ... - ...

    Mar 24, 2023 · LONDON, March 24 (Reuters) - Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as...

  2. www.cnn.com › 2023/03/20 › investingWhat are AT1 bonds and why are Credit Suisse’s now worthless?

    Mar 20, 2023 · Investors in a riskier type of Credit Suisse’s bonds had the value of their holdings slashed to zero Sunday after Swiss authorities brokered an emergency takeover of the bank by rival UBS.

  3. www.cnbc.com › 2023/03/21 › what-are-credit-suisses-at1-bonds-or-cocos-and-why-doWhat are Credit Suisse's AT1 bonds, or CoCos, and why do they...

    Mar 21, 2023 · AT1 bonds would be written to zero as part of the deal between Credit Suisse and UBS, Swiss regulator FINMA said on Sunday. The move was somewhat unusual, prompting investors to threaten...

  4. www.ft.com › content › 47168c08-f09e-4ddb-905f-3c368c4f2b05Additional tier 1 bonds: the wiped-out debt at centre of Credit ...

    Mar 20, 2023 · About $17bn in Credit Suisse additional tier 1 (AT1) bonds were wiped out as part of the transfer to UBS, essentially reducing the burden on its new owner and hitting investors who knew they had...

  5. www.cnbc.com › 2024/06/07 › credit-suisse-bondholders-sue-switzerland-over-17Credit Suisse bondholders sue Switzerland over $17 billion AT1...

    Jun 7, 2024 · A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank’s Additional Tier 1...

  6. www.cnbc.com › 2023/03/23 › swiss-regulator-says-central-bank-loan-to-creditSwiss regulator defends controversial $17 billion writedown of ...

    Mar 23, 2023 · Swiss regulator FINMA on Thursday defended its decision to instruct Credit Suisse to write down its AT1 bonds — a controversial part of the lender’s emergency sale to UBS — saying it was a...

  7. www.reuters.com › markets › why-markets-are-uproar-over-risky-bank-bond-known-at1Explainer: Why markets are in uproar over a risky bank bond known...

    Mar 20, 2023 · LONDON, March 20 (Reuters) - Just over $17 billion worth of Credit Suisse bonds, known as Additional Tier 1 or AT1, debt will be written down to zero on the orders of the Swiss regulator as part...

  8. www.credit-suisse.com › articles › media-releasesIntended redemption of Credit Suisse Group Additional Tier 1...

    Jun 16, 2022 · Credit Suisse Group announces today its intention to call its $1.5 billion 7.125% high-trigger Tier 1 capital instrument for redemption on the first optional redemption date of the instrument, July 29, 2022.

  9. www.ft.com › content › fbf3f385-1c4a-48fc-a7a0-d7ae998637ddCredit Suisse privately challenged Finma’s AT1 writedown

    May 22, 2023 · Investors representing at least $4.5bn of wiped-out Credit Suisse AT1 bonds filed a lawsuit against Finma last month, seeking to overturn the Swiss regulator’s cancellation of their holdings...

  10. markets.businessinsider.com › news › stocksCredit Suisse Rescue: Here's What You Need to Know About AT1...

    Mar 21, 2023 · Credit Suisse was rescued by its longtime rival UBS on Sunday. As part of the deal, the Swiss regulator wrote down the value of the bank's so-called AT1 bonds to zero. Here's everything you...