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Some Credit Suisse bondholders see gains after UBS’ takeover despite $17bn AT1 wipeout
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Not all Credit Suisse bondholders are nursing heavy losses – senior bondholders are counting the gains instead on the back of double-digit surges after the UBS takeover.
Junior bondholders are reeling from a controversial wipeout of $17bn in AT1 bonds but the picture was the flipside for senior bonds – more than 40 issued by Credit Suisse moved up more than 20% this week after the historic 19 March deal.
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Read more on fnlondon.comAbout this in other media
Swiss regulator defends AT1 bond writedown in Credit Suisse-UBS deal fnlondon.com /1 year ago
Swiss regulator says central bank loan to Credit Suisse justified AT1 bond writedown cnbc.com /1 year ago
The impact of the Credit Suisse bank crisis on the crypto market cointelegraph.com /1 year ago
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