Contingent convertible (coco) notes: structure & pricing
Auteur :
de Speigeleer, Jan
Éditeur :
de Speigeleer, JanSchoutens, Wim,
ISBN :
9781843747642
Date de publication :
31 mars 2011
Dimensions :
24,6 x 18,9 cm
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.