News From Press MFs shy away from AT-1 bonds amid tighter rules

MFs shy away from AT-1 bonds amid tighter rules

Source:ET May 31, 2023

The 2020 Yes Bank crisis and tighter norms in its aftermath have diminished mutual funds' appetite for additional tier-1 (AT-1), or perpetual, bonds. Exposure of mutual funds, once among the biggest buyers of such debt, is now just about a fifth of what it earlier was as new valuation norms seemingly discourage investors from buying into these instruments that have no preset redemption deadlines.

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