Hello CoCoCo? New frontier in AT1 capital before summer

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Hello CoCoCo? New frontier in AT1 capital before summer

Ford

A European bank could breach a new frontier in the market for bank capital securities as soon as next month, according to two sources with knowledge of the deal. An issuer is preparing a convertible bond in an additional tier one host — a bond which converts to equity on the upside and the downside.

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