Pimco and Invesco had the biggest holdings in Credit Suisse CoCo bonds: report
Investment heavyweights Pimco and Invesco will face huge losses as some of the largest AT1 bondholders in Credit Suisse, with over $1.1 billion of investment in the risky bonds written down to zero, Bloomberg reported on Tuesday. Swiss regulator Finma announced on Sunday that as part of the merger…
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