A Primer on Contingent Convertibles (CoCos): The New Kid in the Hybrid Bond Neighborhood

Hybrid securities are not new; in fact, some of them, such as convertible bonds, have their origin going back more than 100 years. A recent addition to the family is contingent convertible bonds (CoCos), which just like others, were introduced to the market for specific reasons. CoCos, hybrids between bonds and equities with distinctly unique triggers and conversion features, came into vogue in 2013 as banks in Europe needed to raise capital. Banks appreciated the flexibility CoCos provided in the event they experience financial difficulty, while investors appreciated the high yields often offered by CoCos. - See more at: http://www.numerix.com/demand-webinar-primer-contingent-convertibles-cocos-new-kid-hybrid-bond-neighborhood#sthash.0WuIvtBN.dpuf
Watch Now

Spotlight

the past 12 months were brutal for many assets, especially commodities, emerging markets and high-yield bonds. china, America, India and Japan, the world’s four largest economies, measured at purchasing-power parity, were far from immune to the global turmoil. But the market mayhem should not entire


OTHER ON-DEMAND WEBINARS

Global Trade Automation: ROI for the Enterprise

As technology continues to evolve, companies face a universal need to keep up with changes in automation for the sake of efficiency, profitability gains, and growing competition in their areas. For global traders, technology is essential in order to respond and manage rapid-fire changes in trade regulations and global supply cha

A World of Free Trade Agreements: How to Maximize Duty Savings in Your Supply Chain Design

In response to regulatory and geopolitical disruptions, multinational companies are actively looking for savings in their global supply chains. At the same time, there’s a parallel shift toward diversifying supply chains and avoiding over-reliance on a single sourcing location. Free trade agreements (FTAs) can offer that dual-pr

Crisis Wake-Up Call: How Tax Departments Can Build a Rock-Solid Business Continuity Plan

As organizations scramble to manage their supply chains among massive market and economic shifts with a workforce that is suddenly distributed, they’re finding that their existing crisis management and business continuity plans haven’t adequately prepared them for the current circumstances. Tax departments are particularly stres

The ONESOURCE Advantage Migration Made Easy

If you’re considering upgrading your current sales tax engine, now is the ideal time. Thousands of domestic and multinational corporations count on Thomson Reuters ONESOURCE for the only truly global indirect tax solution — from research to determination and compliance.