Home » Business » “Uncovering the Bonds Causing Market Turbulence: Over 15 Billion in Italy, Primarily from Intesa Sanpaolo and Unicredit”

“Uncovering the Bonds Causing Market Turbulence: Over 15 Billion in Italy, Primarily from Intesa Sanpaolo and Unicredit”

MILANO – Approximately 7% of the €250 billion of subordinated type bonds “At1” circulating in Europa is registered in Italy. In fact, they amount to about 15.3 billion the Italian Additional tier 1, and were issued, with a crescendo that began nine years ago, by four of the main Italian banks.

What are At1 bonds and what are they for?

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