Related articles
Whisper it, but additional tier-1 capital is becoming rather mature. The question now is whether or not it becomes a crowded trade.
More corporate high-yield buyers and equity income funds searching for anything offering a decent yield are likely to be tempted by these still niche and – so typical of the banking industry – over-engineered instruments that want to look like equity to regulators, accountants and rating agencies, but like bonds to investors.
Thanks for your interest in Euromoney!
To unlock this article:
