- With the takeover of Credit Suisse by UBS and the consequent write-down of Credit Suisse’s Additional Tier 1 (AT1) securities, we seek to highlight some key questions on investors’ minds.
Key questions from investors
Do Singapore banks have Credit Suisse AT1 holdings?
- - Read this at SGinvestors.io -
Do Singapore banks invest in other AT1 bonds?
- Yes – although this likely accounts for a relatively small part of total investments, based on their maturity profile disclosures.
Credit Suisse mainly issues AT1 securities in US$ and CNH. Are there S$-denominated AT1 issuances?
- - Read this at SGinvestors.io -
- By investor type, private banks were allocated 84%, and fund managers were allocated ~10% of the issuance.
How much AT1 securities do Singapore banks issue?
Are MTM losses from Singapore banks’ investment securities a concern?
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
Andrea CHOONG CGS-CIMB Research | LIM Siew Khee CGS-CIMB Research | https://www.cgs-cimb.com 2023-03-21
More reports on banking & finance sector:
Analyst Reports on Singapore Banking & Finance Sector
Read also:
Analyst Reports on DBS Group
Analyst Reports on OCBC Bank
Analyst Reports on United Overseas Bank (UOB)
