Tuesday 07, March 2017 by Nabilah Annuar

Market jitters and lower capital needs shrink global CoCo issuance in 2016 by 25 per cent

Global issuance of contingent convertible bonds, or ‘CoCos’, ended 2016 at $75 billion, a 25 per cent decrease from the year before, said Moody’s in a report published today. This was in line with the rating agency’s most recent projections.

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