3min chapter

Market Depth cover image

Can China Offset A Global Growth Slowdown?

Market Depth

CHAPTER

The Japanese Financial System May Be More Stable Than Other Countries

On Wednesday of this week, SMFG became the first major financial institution in the world to issue AT1 bonds since the Credit Suisse implosion. The entire market just froze up for AT1 bond issuance. But SMFG this week sold bonds. They sold about 90 billion yen in five-year notes and about 50 billion yen in 10-year notes. And each of those coupon rates, five and 10 years respectively, were higher than similarly issued AT1 bonds from December.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode