UniCredit to Early Redeem EU1.25bn AT1 Subordinated Notes

This is the headline we were greeted with this morning. In the first potential, optional redemption of an AT1 bond since the UBS purchase of Credit Suisse, UniCredit has elected to redeem or “call” its AT1 at the first call date.

Is Chinese decoupling possible?

Perhaps the greatest realisation over the last 3 years for corporations and governments has been the extent to which the global supply chain is ultimately dependent on China for labour, materials, and transportation…