AT1 bonds, also known as perpetual bonds, do not have any fixed maturity and are billed as quasi-equity – a risker security. Most of such securities have a five-year call option, an exit option for investors provided the borrower exercises it.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South