CoCos to the rescue
17 January 2013
Email
Share
Investors are lapping up contingent capital securities in bailed-out banks. Dublin sold on a CoCo from its bank rescue. Belgium’s KBC is issuing the bonds to recapitalise. The boom is helping Ireland and Belgium recoup bailout costs. They should take the money while they can.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.