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TLAC Bonds: What you should know

Beyond Markets

00:00

Introduction

A number of global banks have recently printed senior tea-like deals with relatively high yield levels of 6% to 7%. Marian Mack, our head of Asia Fixing Come specialist in Hong Kong explains what a 'tea-like' bond is. Tea-like stands for total loss absorption capacity and was introduced after the 2007-2009 global financial crisis.

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