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Coco Bonds: This Risky Financial Experiment Is Rattling Markets
You wouldn't think something with a nickname like "coco bonds" would be so troublesome.
But coco bonds - short for "contingent convertible bonds" - are a major reason for the pummeling that the stocks of several major European banks have taken in 2016.
You wouldn't think something with a nickname like "coco bonds" would be so troublesome.
But coco bonds - short for "contingent convertible bonds" - are a major reason for the pummeling that the stocks of several major European banks have taken in 2016.