Deutsche bank has become the second bank to extend an Additional Tier 1 bond, announcing on Wednesday that it will not redeem its US$1.25bn 6.25% bond at its first call date on April 30, an example others could follow in a deteriorating market. Created to provide a capital cushion for banks in the wake of the financial crisis, AT1s have now reached the first round of call dates - with many more due this year.
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