In the context of AT1 bonds, which of the following statements are correct?
- AT1 bonds are secured bonds that have perpetual tenure.
- They do not have a call option, which means the banks cannot buy these bonds back from investors.
- AT1 bonds are subordinate to all other debt and only senior to common equity.
1
2 Only
2
1 and 3 Only
3
3 Only
4
1 and 2 Only
5
2 and 3 Only