Contingent convertible bond/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> (CoCo) A bond issued by a bank that converts automatically into that bank's shares if its reserve ratio falls below a stipulated level (also known a...) |
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( | A [[bond (finance)|bond]] that converts automatically into [[share (finance)|shares]] in a stipulated contingency (for a bank the stipulated contingency is normally that its [[reserve ratio]] falls below a stipulated level). Often called a "coco": also known as an "enhanced capital note". | ||
Latest revision as of 02:34, 12 October 2011
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Contingent convertible bond [r]: A bond that converts automatically into shares in a stipulated contingency (for a bank the stipulated contingency is normally that its reserve ratio falls below a stipulated level). Often called a "coco": also known as an "enhanced capital note".