“CoCo Bond” Fast Emerging as Means for Banks to Procure Capital without Hurting Financial Soundness

SEOUL, Nov. 6 (Korea Bizwire) — As the Bank for International Settlements regulation on the capital adequacy ratio is tightened, more and more banks increasingly rely on the issuing of contingent convertible bonds, or CoCo bonds, for their preferred means of procuring capital. That’s because the issuing company doesn’t need to count shares in its calculation of [...]