Essays about: "Coco spreads"

Found 2 essays containing the words Coco spreads.

  1. 1. The Determinants of European Coco Spreads

    University essay from Göteborgs universitet/Graduate School

    Author : Carl-Fredrik Hallden; Blomqvist Blomqvist; [2016-09-21]
    Keywords : Contingent Convertible bonds; Cocos; Coco spreads; Hybrid Securities; Basel III; Additional Tier 1; Tier 2; Banks;

    Abstract : Contingent Convertible (Coco) bonds are hybrid capital securities that absorb losses when the capital of the issuing bank falls below a certain level. Previous research has mainly been focusing on the pricing of such instruments and this paper contributes to the eld by empirically examining the determinants of Coco bond spreads for European banks. READ MORE

  3. 2. Global Evaluation of Contingent Convertibles: Testing for Evidence of Market Discipline in the CoCo Market

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : David Iseklint; David Bengtsson; [2014]
    Keywords : Contingent convertibles; CoCo bonds; market discipline; monitoring; accounting risk indicators; bank risk; Basel III.; Business and Economics;

    Abstract : In this paper, we investigate evidence of market discipline from contingent convertible (CoCo) issues. Previous research has focused on the monitoring aspect of market discipline, by testing risk sensitivity of market prices (subordinated notes and debentures (SND)) to accounting measures of bank risk. READ MORE