On this episode of Behind the Markets, we had the pleasure of being able to speak with Professor Dr. Wim Schoutens from the University of Leuven in Belgium. Professor Schoutens has a wide range of ...
The value of Credit Suisse's CoCo, or contingent convertible bonds, are expected to be entirely written off after a deal over the weekend was struck to merge the lender with UBS. (MarketWatch photo ...
The value of a class of convertible bonds issued by banks plunged in value on Monday after Credit Suisse’s securities were completely written down to zero by the Swiss regulator. The Swiss Financial ...
MADRID, June 13 (Reuters) - Spain's BBVA BBVA.MC said on Tuesday it reopened the market with the issuance of the first contingent convertible bond (Coco) since the rescue of Credit Suisse in March ...
MADRID, June 13 (Reuters) - Spain's BBVA BBVA.MCand Bank of Cyprus reopened the market with the issuance of the first euro-denominated contingent convertible bonds (CoCo) since the rescue of Credit ...
MADRID, Sept 11 (Reuters) - Spain's BBVA launched on Monday a contingent convertible bond in U.S. dollars with a 6-year redemption option, in what was the second issuance of an AT-1 bond in 2023, the ...
French bank Societe General SA’s $1.25 billion 7.375% AT1 bond is the worst performing security in U.S. corporate bond markets today, dropping 15% to 80 cents on the dollar. The drop is part of a ...
Proposed new accounting rules have put the damper on the issuance of a popular type of convertible corporate bond in the US market. The Financial Accounting Standards Board wants companies to treat so ...
MADRID, Feb 4 (Reuters) - Spain's Banco Popular said on Wednesday it would issue contingent convertible bonds worth 750 million euros ($856.20 million), just a few days after the bank said there was ...
No sooner had bond market participants learned of Credit Suisse’s successful completion of a buffer capital notes deal widely marketed to investors outside the US than expectations grew that more ...
Fidelity International favors contingent convertible bonds sold by European banks after Credit Suisse Group AG’s collapse spurred a stampede out of the $250 billion plus market. CoCos, also known as ...