Imagine banks needing extra money like a piggy bank needs coins! European banks recently sold special bonds called AT1s to get more money. These bonds are like IOUs, promising to pay back with extra interest.
These bonds are special because they help banks stay strong. They're sold in the US because they get better deals there. Many investors want to buy these bonds because they pay a lot of interest!
- Banks sold almost $8 billion in bonds.
- Investors wanted to buy way more than what was sold.
- These bonds offer high interest rates (7% to almost 10%).
- European banks are doing well, and this helped them sell bonds easily.
| Fact | Number |
|---|---|
| Total bonds sold (approx.) | $8 billion |
| Interest rate | 7% - 10% |
| Investor demand | More than 8 times the supply |
