Money in the Market: Why are funds buying more of ASEAN bank’s AT1s?

Last year’s wipeout of Credit Suisse bonds sparked panic among rich Asian investors who had loaded up on the risky bank debt. But now, additional tier 1 bonds are seeing a resurgence in Asia. So why are funds buying more of Asean banks’ dollar AT1s? Who were the top 10 investors in Asean banks’ dollar AT1s in February? On Money in the Market, Hongbin Jeong speaks to Rena Kwok, Credit Analyst, Asian Financials, Bloomberg Intelligence, to find out more. See omnystudio.com/listener for privacy information.