AT1 Bond Market Is So Hot That Banks Are Fixing Costs for Decade

European lenders are issuing Additional Tier 1 bonds with long call dates at a record pace, locking in funding costs for up to a decade amid highly favorable market conditions. The trend signals strong demand for risky bank debt and improved access to capital for lenders, though the article is mainly descriptive rather than event-driven.

Analysis

European lenders are issuing Additional Tier 1 bonds with long call dates at a record pace, locking in funding costs for up to a decade amid highly favorable market conditions. The trend signals strong demand for risky bank debt and improved access to capital for lenders, though the article is mainly descriptive rather than event-driven.