ET Explainer: Here's everything you need to know about AT-1 bonds
November 13th, 2023 18:27
AT-1 bonds are perpetual debt instruments issued by banks to raise money and build up their core equity capital. A perpetual instrument is one with no maturity date, implying that the issuer – a bank in this case – does not pay the principal amount back to investors but makes periodic interest payments throughout the life of the bond.
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