Moody's: Market jitters and lower capital needs shrink global CoCo issuance in 2016 by 25%
London, 06 March 2017-- Global issuance of contingent convertible bonds, or CoCos, ended 2016 at $75 billion, a 25% decrease from the year before, in line with Moody's most recent projections, says the rating agency in a report published today. Moody's report, entitled "Banks- Global: Moody's CoCo Monitor: Lower Capital Needs, Market Jitters Shrink 2016 Issuance," is available on www.moodys.com. Moody's subscribers can access this presentation via the link provided at the end of this...
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