Market Update: Coco Bonds Boom

Market Update: Coco Bonds Boom

Have you ever heard about CoCos? Let’s take a look on how Contingent Convertible bonds work, what are the triggers in their use, the main risks to which they are exposed and their recent development in the markets, which makes them an attractive instrument for banks to strengthen their capital. Also here is a focus on the last year moves of Banco Santander deciding not to call an option on their AT1 bond worth $1.7billion.