Tasos Vossos

(Bloomberg) -- European lenders are selling Additional Tier 1 bonds with long call dates at a record pace, seizing ultra-favorable conditions in the market for risky bank debt to fix costs for a decade. Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarTwo More Oil Supertankers Exit Hormuz to Help Push Up FlowsEx-President Biden Sues to Stop DOJ Sharing Interview Tapes‘KPop Demon Hunters’ Studio Draws Te

(Bloomberg) -- European lenders are selling Additional Tier 1 bonds with long call dates at a record pace, seizing ultra-favorable conditions in the market for risky bank debt to fix costs for a decade.

UBS Group AG is set to raise Additional Tier 1 capital in US dollars, its first foray into the market since Switzerland paused plans to tighten rules on the riskiest type of bank debt.

UK-based investors pulled money from cash funds and piled into bonds last month, enticed by surging yields, according to fund flow data compiled by Calastone.

French state-backed lender Bpifrance SACA is selling a new type of bond backed by small company loans, looking to end a more than decade-long regulatory impasse over European Secured Notes.

European corporate bonds are vulnerable to the aftershocks of the war in Iran, with spreads for both investment grade and junk bonds expected to widen by year end, according to strategists at Deutsche Bank AG.

Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector.

Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the U.S. subprime mortgage sector.

Lee Robinson, gestor de hedge funds que obtuvo una ganancia de 900% durante la crisis financiera global al convertir una posición de US$20 millones en US$200 millones mediante apuestas oportunas contra el mercado hipotecario subprime estadounidense, considera que está surgiendo una nueva oportunidad de inversión ante los crecientes riesgos del crédito privado.

Abhinav Ramnarayan, Tasos Vossos and Liza Tetley, Bloomberg News