
Untested Banks Find Demand for Risky AT1 Bonds
Investors are so eager to buy the riskiest bank debt that they're snatching up securities even from unproven borrowers.
A UK bank rescued from collapse less than two years ago, a lender to small businesses and an online loan provider are among a swathe of firms selling their first Additional Tier 1 bonds this year.
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Bloomberg
29 minutes ago
- Bloomberg
Europe's Top Envoy Pitches for Deeper Philippine Defense Ties
Europe and the Philippines will set up a new 'security and defense dialogue,' officials said, in a move that comes as the European Union strengthens ties with Asian nations amid threats from China and Russia. 'This will be a dedicated platform through which we can deepen our cooperation, exchange expertise on security and defense and explore joint initiatives that contribute to the regional as well as global security,' Europe's top diplomat Kaja Kallas said Monday during a briefing with Foreign Affairs Secretary Enrique Manalo in Manila.
Yahoo
34 minutes ago
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SES's O3b mPOWER System Receives Platinum Space Sustainability Rating
Assessment based on an in-depth analysis of more than 65 parameters across deployment, operations, and end-of-life disposal of the O3b mPOWER mission LUXEMBOURG, June 02, 2025--(BUSINESS WIRE)--O3b mPOWER, SES's second-generation medium earth orbit (MEO) system, has been awarded the Platinum badge by the Space Sustainability Rating (SSR) Association. This is the highest possible SSR rating tier, and has been awarded to the O3b mPOWER constellation of 13 high-throughput and low-latency satellites, eight of which are already in orbit. The O3b mPOWER mission was assessed across all phases: deployment, operations, and end-of-life disposal. The Platinum rating for O3b mPOWER was based on an in-depth analysis of more than 65 parameters, including: satellite count, orbital region, collision avoidance strategies, adherence to recognised design and operational standards, and SES's overall approach to data sharing and transparency. SES is the second operator to receive a Platinum rating from the SSR, and the sixth to be officially rated. Rather than evaluating individual satellites in isolation, the SSR assesses the aggregate sustainability impact of the entire constellation and considers how satellites interact, operate collectively, and contribute to the broader space environment. This recognition indicates that the O3b mPOWER constellation demonstrates minimal impact on the orbital environment beyond what is necessary for mission success and reflects SES's strong commitment to sustainable space operations and adherence to internationally accepted best practices in space sustainability. Prof. Jean-Paul Kneib, President of the SSR Association, Academic Director of EPFL Space Center and Head of the Laboratory of Astrophysics (LASTRO), said, "The Space Sustainability Rating provides an independent benchmark to encourage transparency among space actors, promote best practices in space missions, and support the long-term preservation of the orbital environment. The Platinum rating awarded to the O3b mPOWER constellation reflects SES's strong alignment with the SSR's criteria across the full mission lifecycle. We celebrate this recognition for the O3b mPOWER constellation and SES's contribution to a safer, more responsible, and resilient satellite ecosystem. As the SSR continues to evolve, it aims to drive positive change across the space sector by highlighting leadership in space sustainability—such as that demonstrated by SES—and to encourage the global space community to make informed, sustainability-focused decisions." Milton Torres, Chief Technology Officer of SES, said, "For 40 years, SES has been driving responsible best practices and developing new technologies, partnerships and solutions contributing to sustainable space. This Platinum badge not only highlights our leadership in sustainable space operations but also reinforces our commitment to responsible and innovative practices in the space industry, while supporting long-term space sustainability for all spacecraft operators." Follow us on: Twitter | Facebook | YouTube | LinkedIn | Instagram Read our Blogs >Visit the Media Gallery > About SES SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous earth orbit (GEO) fleet and medium earth orbit (MEO) constellation of satellites, offering a combination of global coverage and high-performance services. By using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners around the world. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: About the SSR The Space Sustainability Rating is a voluntary initiative launched by the World Economic Forum in 2016 and developed since 2018 by a consortium of academic and institutional partners including the European Space Agency (ESA), Massachusetts Institute of Technology (MIT), BryceTech, and the University of Texas at Austin. Created in consultation with industry, policy, and academic stakeholders, the SSR encourages responsible behavior in space by evaluating missions against a set of transparent sustainability criteria. The SSR provides a comprehensive framework for assessing the sustainability of space missions, identifying areas for improvement, and offering operators a chance to communicate their sustainability practices through independent, badge-based ratings: Bronze, Silver, Gold, or Platinum. Each SSR rating also includes actionable recommendations to guide operators in enhancing sustainability practices over time. This approach empowers responsible space actors to continuously evolve their mission strategies and set new benchmarks for space stewardship. For more information visit: View source version on Contacts For further information please contact: Suzanne OngCommunicationsTel. +352 710 725 Rayane MaaloufSSR Communicationscontact@
Yahoo
34 minutes ago
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Drug maker Indivior joins the flight from London share listings
Drug maker Indivior has become the latest major UK listed company to scrap its London share trading. The pharmaceuticals company, which has its UK headquarters in Slough, said it planned to cancel its secondary listing in London. Indivior only moved its primary listing to Nasdaq last June and now wants to sever all share trading links with the City. The move comes just a year after Invidior's board said it planned to keep the London listing "for as long as it is considered to be in the best interests of Indivior and its shareholders as a whole." Reasons given for scrapping the London listing following a review include the fact that 80% of the company's revenue is generated in America; trading on Nasdaq accounts for approximately 75% of total volumes across both exchanges; more than 70% of the share are now held by investors located in the U.S; and the elimination of 'the cost and complexity of maintaining a secondary listing.' Another major factor is that the company's biggest selling drug Sublocade, a treatment for helping opioid addicts reduce their dependence, has its biggest market in the US. Last year Sublocade accounted for $756 million of the company's total $1.2 billion sales. Indivior was spun out of its former parent company, the consumer products giant Reckitt Benckizer in 2014 as a free standing London listed company. The Virginia based company's chair David Wheadon, said:"We are pleased to announce this key milestone for Indivior following our evaluation period. A single primary listing on Nasdaq best reflects the profile of Indivior's business. 'We appreciate the support received from shareholders for this initiative and look forward to capitalizing on the expected benefits of this move, including reductions in cost and complexity." London has suffered a major outflow of listed companies over recent years in a blow to the prestige of the City. A total of 88 firms delisted or transferred their primary listing from the London Stock Exchange last year, the highest number since the financial crisis of 2008, according to auditor EY. Only 18 companies came on to the London market last year as the vital flow of small and growing businesses raising capital by listing their shares on the London stock market dried up. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data