Analysis | Why $17 Billion in Credit Suisse ‘CoCos’ or AT1s Got Wiped Out in UBS Takeover
They’re called contingent convertible bonds, or CoCos — and are often described as high-yield investments with a hand grenade attached. The takeover of Credit Suisse by UBS Group AG included pulling the pin on $17 billion of CoCos, which are also known as ...
Who are the AT1 bonds investors?
Mostly private investors and institutions that have the appetite for high risk high reward investments. They knew what they were playing with, btw, so I dont have any sympathy for them. I just hope no pension funds etc put money into that.
https://twitter.com/SouthlandPost/status/1637906863495757826
Lot's of "6's" too.
News unlocks...
How are tax free IRA's categorized?