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1/ We’re excited to share that Goldfinch will launch a $2M deal with Fazz Financial, a Singapore-based Series C Fintech backed by Tiger Global, offering 13% fixed USDC APY with a 90-day call feature. Sign up to learn more at: deals.goldfinch.finance
How can AT1 bonds be zero'd when they're more senior than equity which is getting paid 2bn, you ask?
Because bondholders agreed they could be.
Here's the section in the $CS 9.75% AT1 prospectus (don't worry if you weren't aware, half the holders prob haven't read this either):