Français
Deutsch
Español
Italiano
Português
日本語
한국어
Русский
Securing your building's safety with fastenings manufacturer SFS UK
Jul 26, 2023Turkish Space Agency President Serdar Hüseyin Yıldırım: "They Create Earthquakes Thanks to Weapons in Space" » Expat Guide Turkey
Jul 16, 2023Scott intros new Swing fly rods, built for those who do
Jul 20, 2023Earnings Flash (ATI) ATI Posts Q2 Revenue $1.05B, vs. Street Est of $1.07B
Jul 10, 2023Allegheny Technologies: Q2 Earnings Snapshot
Jul 12, 2023BNP Sells Dollar AT1 With New Terms in Wake of Credit Suisse
Jul 08, 2023BNP Paribas SA is selling $1.5 billion of dollar-denominated additional tier 1 notes in a new structure, marking the first sale of AT1s by a European bank in the currency since the controversial writedown of Credit Suisse securities.
The French bank changed the terms for new AT1s last month. In the updated structure, they will convert to shares at a dedicated conversion ratio, rather than be written down if the bank’s common equity tier 1 capital falls below a certain level. The move means the new notes will be accounted for as debt instead of equity on the balance sheet.