Moody's: Global CoCo issuance is down one third so far this year
London, 14 November 2016-- Overall issuance of contingent convertible bonds, or CoCos, is down by 30% so far this year, says Moody's Investors Service in a report published today. Globally, the volume of new CoCo issuance fell to $58.7 billion through the end of September 2016, from $84.4 billion in the same period the year before. Moody's report, entitled "Banks- Global: Moody's CoCo Monitor: CoCo Issuance Down by a Third So Far This Year," is available on www.moodys.com.
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