Credit Suisse's $170 billion AT1 bond value was cleared to zero, causing anger among bondholders

Credit Suisse's high-risk bond AT170, totaling about $1 billion, has zeroed in value, sparking anger among bondholders. A number of foreign media reported that as part of the rescue merger between Credit Suisse and UBS, the impairment of AT1 bonds was zero, which angered AT1 bondholders.

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