There has been much ado about additional Tier 1 instruments (AT1s) in the wake of the wipeout of CHF16 billion worth of AT1s issued by Credit Suisse Group AG (Credit Suisse) ordered by the Swiss Financial Market Supervisory Authority. We set out below a brief on what AT1s are and what has happened to Credit Suisse’s AT1s, and share our views on locally-issued AT1s and the stance of the Monetary Authority of Singapore.
If you would like information or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
HUI Choon Yuen
Head – Debt Capital Markets
d +65 6416 8204
e choonyuen.hui@wongpartnership.com
Click here to view Choon Yuen's CV.
Trevor CHUAN
Partner – Debt Capital Markets
d +65 6416 8265
e trevor.chuan@wongpartnership.com
Click here to view Trevor's CV.