Discover and read the best of Twitter Threads about #AT1Bonds

Most recents (3)

Good morning. Think about this. Most countries have begun to open up carefully!China is importing steel. Italy with 40K deaths is not shut like us. We are dragging our feet because bureaucrats &netas enjoy power of lockdown! Damn the economy or poverty! Back to pre1990 privilege
For those born in 2000 if you think Govt and bureaucracy gives a damn about shortages, queues, ban on imports, no foreign travel- you are in cuckoo land. The netas and babus will enjoy power. Our industry will rip off every kind of stimulus and stash it abroad! ...
Even the aspirational middle class will desperately seek greener pastures (green cards). The poor in india will get poorer. We will do bhajan and bang thalis. And no Congress or NCP are not alternatives. Waking up people to demand rights is what we need! #WakeUpIndia
Read 4 tweets
#yesbank_at1_retailinvestor
Why Yes Bank blatantly sold AT1bonds, weapons of mass destruction to Retail investors, when its offer document itself prohibited its sales to retail investors@nsitharaman  @FinMinIndia @DasShaktikanta @PMOIndia @aajtak @sardesairajdeep @PTI_News
#yesbank_at1_retailinvestor

Onus of explaining the loss absorbency features of AT1 bonds was with the bank as per @RBI. they never explained these features us. Help!

@rkumar1958 @nsitharaman @pk63 @PMOIndia

@FinMinIndia @DasShaktikanta @nsitharamanoffc @aajtak @ndtv @pti_news
Read 7 tweets
Yes Bank AT1 bonds are written off. For the retail customers who were sold these bonds as ‘FD’ like product but only better, it’s been a very short journey from understanding the risks to realising it
On 6th March, RBI put the bank under moratorium and it’s AT1 bonds became worthless
Retail investors were sitting pretty with these bonds because they were sold as risk free instruments that gave better rates compared to FDs. But soon the realisation dawned when the value was written off. This may well be the time when many were made aware of nomenclature
Read 12 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!