Contingent Convertible (CoCo) Notes
Structure & Pricing
A CoCo stands for a bond that will be converted into equity as soon as the bank gets into a life threatening situation. As soon as the solvency of the bank drops below acceptable standards, the bonds are converted into equity. Les mer
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E-bok
Tilgjengelig umiddelbart etter kjøp
A CoCo stands for a bond that will be converted into equity as soon as the bank gets into a life threatening situation. As soon as the solvency of the bank drops below acceptable standards, the bonds are converted into equity. Some banks are already engineering new CoCo-note types or consider paying out CoCo-bonuses. For regulators, issuing banks, rating agencies, investors and trading desks around the globe. This makes this book a must read for everybody who wants to understand this asset class.
Detaljer
- Forlag
- Euromoney Books
- Språk
- Engelsk
- Sider
- 138
- ISBN
- 9781843749165
- Utgivelsesår
- 2011