AT1 bonds: How Credit Suisse differs from Yes Bank?

The decision to write down or having zero value for AT1 bonds for Yes Bank would not weigh on the cost or pricing part of the bonds. Discretion was exercised by the regulator and the bank after the resolution program was worked out. APAC cost may not go up and the larger issuances would continue. Midcap banking names may suffer a bit of setback as some clarification is required, particularly when they want to raise capital through AT1 or CoCo bonds