The good thing is that AT1 (additional tier-1 bonds) rates have declined by as much as 150 basis points on expectations of a stronger bank post recapitalisation. Further, as the bonds are cash-neutral and can be categorized under HTM over and above the permitted cap, the current liquidity conditions being benign, the demand for new investments would be sustained.
Succinic acid is a precursor to some polyesters. It is also a component of some alkyd resins. Global 1,4-butanediol (BDO), derived from succinic acid, market size was estimated at USD 4.72 billion in 2013. BDO is a precursor to THF, a solvent and monomer.
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