Oddo BHF - Bank : AT1: an overview of recent developments and risks for 2020

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Oddo BHF

Carine Maciol

Bank : AT1: an overview of recent developments and risks for 2020

Is theÂ AT1Â segment justÂ asÂ attractive after itsÂ strongÂ performance inÂ 2019? - Assuming theÂ creditÂ market remains on itsÂ upward trajectory inÂ 2020, thereÂ is noÂ reason toÂ think that AT1Â instruments willÂ underperform. InÂ 2020, both technically (grossÂ issues inÂ lineÂ with previousÂ years and netÂ issues weaker) and fundamentally (stableÂ creditÂ quality), everythingÂ suggests that thisÂ performance should continue, albeit to aÂ lesserÂ degree given theÂ absoluteÂ levels alreadyÂ attained. Within...

05/02/2020 17 EN

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Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Carine Maciol

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Bank : AT1: an overview of recent developments and risks for 2020

SES : New benchmark bond issue to replace the Intelsat bridge facility

SES : New benchmark bond issue to replace the Intelsat bridge facility

Credit Morning 06/17/2025

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