They are considered a relatively risky form of junior debt, therefore come with a higher yield and are often bought by institutional investors.
Nikkei said the terms of SMFG's offer will be decided on Wednesday, adding that its AT1 bonds will carry a spread of 171 basis points over government debt, representing an increase of 33 basis points from the previous issuance in December.Western Alliance surges after reporting first-quarter earnings reportpopped 13% in extended trading after the company said in its first-quarter that deposits have stabilized since last month's collapse of Silicon Valley Bank.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: FoxBusiness - 🏆 458. / 53 Read more »
Stocks are in danger with Fed pause already priced in: Morgan StanleyStocks are entering a danger zone as they're already pricing in a Fed pause, top Morgan Stanley strategist says
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »