Credit Suisse vs YES Bank: AT1 bonds write-off

AT1 bonds are high-yielding bonds with characters of equity shares sold by banks to raise capital. These are designed to help banks meet funding needs in times of stress without reaching out to the government. These are contingent bonds in a sense that they could be converted into equity when the capital level of a bank falls below a specified threshold.

Credit Suisse vs YES Bank: AT1 bonds write-off
AT1 bonds are high-yielding bonds with characters of equity shares sold by banks to raise capital. These are designed to help banks meet funding needs in times of stress without reaching out to the government. These are contingent bonds in a sense that they could be converted into equity when the capital level of a bank falls below a specified threshold.