AT1 Virtual Event: Re-Rating AT1s and the Banking Sector - 24th June 2021

Additional Tier 1 (AT1) bonds – also known as ‘CoCos’ – have consistently been one of the highest yielding asset classes to be found anywhere in fixed income, but they remain poorly understood by many across the global investor base.

In this unique virtual event from TwentyFour Asset Management, TwentyFour CEO Mark Holman guided us through the AT1 market as we discovered what role he thinks these bonds can play in a fixed income portfolio.

Mark was joined by Lee Street, Managing Director at Citi, who helped us understand why these bonds exist in the first place and updated us on fundamentals across the banking sector. Mark was also joined by fellow TwentyFour portfolio manager Gary Kirk, who explained how AT1s can fit into a bond portfolio, how an investor might evaluate an AT1 deal and where he sees the opportunities currently. 

Download the presentation here.