CoCos are debt instruments primarily issued by European financial institutions. These securities work in a fashion similar to traditional convertible bonds.

A contingent convertible bond (CoCo), also known as an enhanced capital note (ECN), is a fixed-income instrument that is convertible into equity if a pre-specified trigger event occurs. The concept of CoCo has been particularly discussed in the context of crisis management in the banking industry.

4 апр. 2024 г. · The contingent convertible capital instruments (CoCos) also known as Additional Tier 1 bonds are hybrid bonds that combines debt and equity ...

Cocos, abbreviation of the English term 'Contingent Convertible Bonds', are long-dated, subordinated bonds, usually with a fixed coupon, which are converted ...

6 апр. 2023 г. · CoCo bonds are a unique hybrid security that combines the characteristics of debt and equity. Banks can use CoCo bonds to exploit discrepancies ...

CoCos are hybrid securities created by regulators after the 2007-08 global financial crisis (GFC) as a way to reduce the likelihood of government-orchestrated ...

Contingent convertible or CoCo bonds refer to financial instruments that are hybrid in nature, having characteristics of both debt and equity.

This book provides an overview of the risk components of CoCo bonds. CoCos are hybrid financial instruments that convert into equity or suffer a write-down ...

CoCos are regulatory instruments that are intended to improve the absorption of the issuing bank's unexpected future losses through automatic recapitalization ...