TOKYO -- Japanese brokerages have sold over 100 billion yen ($744 million) worth of AT1 bonds from Credit Suisse, an industry group said Wednesday, quantifying the potential losses in Japan resulting from the failed Swiss financial group.
Bonds
Japan brokerages sold over $740m in Credit Suisse AT1 bonds
MUFG apparently unloaded vast majority of troubled debt
The value of the bonds issued by Credit Suisse was completely wiped out as part of a deal to have UBS to take over its operations. © Reuters
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