UK banks sing redemption song on Discos but no reissues planned
![Banking giants: high-rise offices of HSBC and Barclays. Image shot 04/2009. Exact date unknown.](https://assets.euromoneydigital.com/dims4/default/da7252f/2147483647/strip/true/crop/5138x3425+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fd9%2F2e%2F38341edf43338b988a82b03c95f2%2Fbae06e.jpg)
◆ Old Discos no longer attractive capital or funding tool ◆ But multiple AT1s also called with no signs of replacement ◆ UK banks well capitalised
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