Japan's Sumitomo Mitsui Financial Group (SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global bank to sell the risky securities since similar bonds issued by Credit Suisse were wiped out last month.
A woman walks past a sign board of Sumitomo Mitsui Banking Corporation, part of Sumitomo Mitsui Financial Group Inc outside its branch in Tokyo, Japan, January 27, 2017. REUTERS/Toru Hanaisold $1 billion of additional tier-1 debt on Wednesday, becoming the first major global bank to sell the risky securities since similar bonds issued by Credit Suisse were wiped out last month.
The deal shows confidence in the banking sector of Asia's second-largest economy and that risk appetite is returning as the turmoil in financial markets sparked by the collapse of two U.S. regional lenders fades. AT1 bonds - the riskiest tranche of a bank's bonds also known as "contingent convertibles" or "CoCo" bonds - can be converted into equity or written off if a bank's capital level falls below a certain threshold.in March.
The resultant tumult cast doubts on whether SMFG would move ahead with its planned AT1 offer, and led to Japan's biggest bank, Mitsubishi UFJ Financial Group Inc
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
SMFG becomes first big Japan bank to sell AT1 bonds since Credit Suisse's debt wipeoutSumitomo Mitsui Financial Group (SMFG) priced $1.04 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major Japanese bank to sell them since the value of similar bonds issued by Credit Suisse was wiped out.
続きを読む »
15 stocks that will post strong results in a weak Q1: Credit SuisseThese 15 stocks will matter the most to corporate profits during a quarter where earnings will fall again, according to Credit Suisse
続きを読む »
Breakingviews - Rivals can feast on Credit Suisse client spoilsRivals are queueing up for a slice of UBS’s enlarged wealth management pie. A government-sponsored takeover of Credit Suisse should on paper allow Switzerland’s largest lender to boost its rich clients’ asset pot to a staggering $3.4 trillion. But new boss Sergio Ermotti should plan for a significantly smaller amount.
続きを読む »
Rivals can feast on Credit Suisse client spoilsUBS’s wealth assets may soar to $3.4 trln after buying its main competitor. Yet, smaller challengers are looking to poach private bankers, and clients will diversify away from the new mega-bank. And rival financial hubs have a golden opportunity to dent the Swiss wealth crown.
続きを読む »
Swiss government awards $9.7 mln contract related to Credit Suisse - UBS mergerThe Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse , according to state procurement platform Simap.ch on Monday.
続きを読む »
UBS makes changes to buyback programme following Credit Suisse takeoverUBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse .
続きを読む »