The Bond who came back from the dead: The risky world of AT1 bonds
Yes Bank AT1 bonds are back in the spotlight after the Supreme Court upheld the ruling invalidating their ₹8,415-crore write-off during the 2020 rescue. The verdict raises questions about investor protection, regulatory powers, unpaid coupons and the bank’s capital position. From Credit Suisse to India, the AT1 bond controversy exposes the risks of high-yield bank debt.
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