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CoCos may not be well-understood, but there are a number of reasons to consider them carefully
Recent news coverage of Santander’s “cocos” is bewildering, but nevertheless serves to underline the importance of identifying the strongest issuers.
Banks have been on a very long journey since the global financial crisis, which may mean that CoCos are more...
CoCos (contingent convertible bonds) should be understood in the light of strengthening bank balance sheets over recent years.