Contingent Convertible Share

Identification

IRI:

https://folio.openlegalstandard.org/R7zFDSz9BjpVwMtwSqsOTsY

Label Contingent Convertible Share

Preferred Label Contingent Convertible Bond

Identifier N/A

Alternative Labels

CoCo bond Contingent Convertible Instrument Convertible Contingent Security

Definition

A Contingent Convertible Share, often referred to as a CoCo bond, is a type of debt security that automatically converts into equity when a predefined trigger event occurs, typically related to the issuer's financial health or regulatory capital thresholds. These instruments are designed to provide additional capital to the issuer during periods of financial stress, thereby enhancing financial stability.

Class Relationships

Sub Class Of

• Convertible Share

Is Defined By

N/A

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available