AT1 market weathers first ever write-down
![AT1](https://assets.euromoneydigital.com/dims4/default/b8c4012/2147483647/strip/true/crop/230x149+0+0/resize/840x544!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F8d%2F4b%2Faf658e194d1e98def7dbc40d4ff1%2Froc-wall-text-effect.jpg)
When regulators stepped in and resolved Spain’s Banco Popular this week it was the first time investors had suffered any sort of coupon or principal loss on a Basel III complaint additional tier one (AT1) bond.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: