Along with the institutional bondholders, an individual investor -- a cancer survivor -- also moved the court to seek relief on Rs 10 crore exposure to AT-1 bonds
Overall, more than Rs 8,000 crore of investments are exposed to YES Bank's AT-1 bonds
The official said the bank had sought clarification on this issue and based on the feedback, the recall was to be exercised
A final word on the potential of AT1 bonds to wreak havoc in the global financial system from a systemic perspective, with many investors complacent or unaware of the onerous conditions of these bonds