Page 4 - At1 Bonds
Best of BS Opinion: Valuing AT1 bonds, SC right to protect IBC, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Valuing AT1 bonds, SC right to protect IBC, and more")
Explained: What are perpetual bonds & why have new Sebi rules irked FinMin?
Sebi's new rules around mutual fund (MF) investments in these bonds have kicked up a storm
 "Explained: What are perpetual bonds & why have new Sebi rules irked FinMin?")
AT1 cloud likely to hit banks' capital-raising plans, say experts
They have planned to raise about Rs 30,000 crore through this route
 "AT1 cloud likely to hit banks' capital-raising plans, say experts")
Valuing AT1 bonds
A sudden change in the metrics will be disruptive
Sebi may tweak AT1 bond rule, looks for middle ground on valuation
Sebi is considering the alternatives with credit-rating agencies, fund houses, and ministry officials
 "Sebi may tweak AT1 bond rule, looks for middle ground on valuation")
FinMin asks Sebi to withdraw directive on tenure of AT1 bonds
Ministry has asked Sebi to withdraw its directive to mutual fund houses to treat AT-1 bonds as having maturity of 100 years as it could disrupt the market and impact capital raising by banks
 "FinMin asks Sebi to withdraw directive on tenure of AT1 bonds")
Finance Ministry asks Sebi to withdraw circular on AT1 bonds: Report
Panic redemption by mutual funds would impact the overall corporate bond market as MFs may resort to selling other bonds to raise liquidity in debt schemes, says the memorandum
AT1 bonds back as preferred avenue for PSBs to raise capital
Private banks stick to equity capital; fund-raising spree driven by RBI's call for adequate capitalisation
 "AT1 bonds back as preferred avenue for PSBs to raise capital")
SBI to raise Rs 25,000 crore in AT1, tier II capital in current fiscal
The capital is expected to strengthen the bank's capacity to growth business and create buffers to withstand shocks
 "SBI to raise Rs 25,000 crore in AT1, tier II capital in current fiscal")
Like promoters, let us gain from equity: YES Bank AT-1 bondholders in court
Along with the institutional bondholders, an individual investor -- a cancer survivor -- also moved the court to seek relief on Rs 10 crore exposure to AT-1 bonds
 "Like promoters, let us gain from equity: YES Bank AT-1 bondholders in court")
YES Bank bondholders say will withdraw court plea if RBI accepts offer
Overall, more than Rs 8,000 crore of investments are exposed to YES Bank's AT-1 bonds
 "YES Bank bondholders say will withdraw court plea if RBI accepts offer")
Investors upset as four banks recall Rs 109-bn additional tier 1 bonds
The official said the bank had sought clarification on this issue and based on the feedback, the recall was to be exercised
 "Investors upset as four banks recall Rs 109-bn additional tier 1 bonds")
AT1 Bonds: The new financial weapons of mass destruction?
A final word on the potential of AT1 bonds to wreak havoc in the global financial system from a systemic perspective, with many investors complacent or unaware of the onerous conditions of these bonds
 "AT1 Bonds: The new financial weapons of mass destruction?")
