It stands for principal write-down; a write down of the principal of a contingent convertible bond (CoCo bond) upon occurrence...

A write down of the principal of a contingent convertible bond (CoCo bond) upon occurrence of a trigger event. In...

The risk that CoCo investors are exposed to. This risk arises from both the issuer of the CoCo, and the...

A measure of the basis between the spreads of CoCos (CoCo spread) and other risky securities from the same issuer....

A contingent convertible (CoCo) bond that has no set maturity date. Like any perpetual bond (perp or consol bond), this...

A contingent convertible (CoCo) bond that has no set maturity date. Like any perpetual bond (perp or consol bond), this...

It stands for principal write-down contingent convertible (CoCo); a contingent convertible in which the principal is written down (as a...

It stands for principal write-down contingent convertible (CoCo); a contingent convertible in which the principal is written down (as a...

A hybrid capital security that absorbs an issuing bank's losses when its capital falls below a certain threshold. Contingent convertible...

A hybrid capital security that absorbs an issuing bank's losses when its capital falls below a certain threshold. Contingent convertible...