AT1 Bonds Current Affairs, GK & News

AT1 bonds

March 13, 2021

AT1 bonds or additional tier 1 bonds are unsecured bonds which have no maturity rate i.e. they have a perpetual tenure. These bonds are issued by banks to strengthen their tier 1 capital (core capital). They are subordinate to all other types of debts except common equity. They have call option, which the issuer uses ..

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What are AT1 bonds?

September 4, 2021

India’s largest lender State Bank of India (SBI) announced on September 3, 2021 that it has raised Rs 4,000 crore through additional Tier 1 (AT1) bonds. Key Points AT1 bonds were raised at a coupon rate of 7.72%. It the first such issuance in domestic market after the Securities and Exchange Board of India (SEBI) ..

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What are AT1 bonds?

March 12, 2021

Department of Financial Services (DFS), under finance ministry, has sent a memorandum to the chairman of Securities and Exchange Board of India (Sebi) and has asked it to withdraw a rule treating AT1 bonds (perpetuals) which is having 100-year maturity. Highlights The circular was issued by SEBI on March 10, 2021 regarding the AT1 bonds ..

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