S&P 500 opens lower as Morgan Stanley and Netflix decline after earnings: Live updates
They are considered a relatively risky form of junior debt, therefore come with a higher yield and are often bought by institutional investors.
Nikkei said the terms of SMFG's offer will be decided on Wednesday, adding that its AT1 bonds will carry a spread of 171 basis points over government debt, representing an increase of 33 basis points from the previous issuance in December.Western Alliance surges after reporting first-quarter earnings reportpopped 13% in extended trading after the company said in its first-quarter that deposits have stabilized since last month's collapse of Silicon Valley Bank.
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