Bond investors attack 'disastrous' CRD IV rules on CoCos

Don't go CoCo


Whenever a new capital market sputters into life, issuers and investors each have a hand on the steering wheel – the former trying to ensure flexibility while constrained by the threat that demand may not materialise, the latter trying to build in protections in the knowledge that too-generous terms will choke off supply. Europe’s market for contingent capital has been going through this process since a 2009 issue by Lloyds Banking Group – the big difference being that regulators also have a

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: