Investors lap up RBI AT1 despite extension risk
Raiffeisen Bank International’s additional tier one (AT1) bond — the first in the asset class this year — met a wall of demand and was priced with a coupon that was tighter than all but one euro AT1. This was in the face of investors’ preference for bonds offering a higher reset spread, increasing the chance of bonds being called.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: