21-03-2023, 10:01 AM
Credit Suisse's AT1 bondholders have suffered losses as a result of the recent events, they may have grounds for legal action if they believe that Credit Suisse or its management failed to properly disclose risks associated with the investment, or if they believe that Credit Suisse breached any contractual obligations.AT1 bonds, also known as contingent convertible bonds or CoCos, are a type of hybrid security that can convert into equity in certain circumstances, and they are often used by banks to meet regulatory capital requirements.