Credit Suisse “AT1 bonds” nugatory shock[economic column]| NHK

With the acquisition of “Credit Suisse”, which was uncovered to administration nervousness, the world’s monetary business was shocked by the contents introduced by the Swiss monetary authorities on March 19. It was an distinctive response during which a particular company bond known as “AT1 bond”, in truth greater than 2 trillion yen, grew to become nugatory right away. Why had been big company bonds nugatory? I interviewed what sort of affect it could have on Japan. (Economics Department reporter Kentaro Makata)

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