Long thread on AT1 Bonds given Yes Bank's collapse. Basel III introduced 3 types of capital:
— Amiyatosh Purnanandam (@amiyatosh) March 9, 2020
1. Common Equity Tier 1, CET1
2. Additional Tier 1, AT1 Bonds
3. Additional Tier 2, AT2 Bonds
AT1 is a "contingent" equity capital: it's bond now, equity later if a trigger occurs.
1/n
via Twitter https://twitter.com/amiyatosh
March 09, 2020 at 07:03PM
No comments:
Post a Comment