Contingent convertible bonds, corporate hybrid securities and preferred shares : instruments, regulation, management / Marcin Liberadzki and Kamil Liberadzki.
2019
HG4652 .L53 2019eb
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Details
Title
Contingent convertible bonds, corporate hybrid securities and preferred shares : instruments, regulation, management / Marcin Liberadzki and Kamil Liberadzki.
Author
Liberadzki, Marcin, author.
ISBN
9783319925011 (electronic book)
3319925016 (electronic book)
9783319925004
3319925016 (electronic book)
9783319925004
Published
Cham : Palgrave Macmillan, 2019.
Language
English
Description
1 online resource : illustrations
Item Number
10.1007/978-3-319-92501-1 doi
Call Number
HG4652 .L53 2019eb
Dewey Decimal Classification
332.63/2044
Summary
This book is a comprehensive guide to the new generation of hybrid securities: subordinated and perpetual bonds with deferrable coupon first issued around 2003, and the youngest member of the hybrids family named CoCos (contingent convertibles) being a product of Basel III or European Union CRD IV regime (2014). Contingent capital constitutes a contractual recapitalization mechanism for troubled financial institutions. An increasing number of European banks have issued CoCo bonds in order to bolster their capital ratios. Following the EU pattern, CoCos issues have become increasingly popular within banks in Asia and the Pacific. The EU regulatory treatment of the contingent convertibles issued by banks and insurers together with bank bail-in instruments is at the forefront of the book. Furthermore, the book provides an overview of hybrids pricing and risk assessment approach and covers the non-voting preferred stocks as another hybrids class.-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed August 5, 2019).
Added Author
Liberadzki, Kamil, author.
Available in Other Form
Contingent Convertible Bonds, Corporate Hybrid Securities and Preferred Shares : Instruments, Regulation, Management.
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Online Access
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Table of Contents
1. Contingent Convertibles Issued by EEA Banks
2. CoCo Bonds and Bail-In Mechanism
3. The Contingent Convertibles Pricing Models: CoCos Credit Spread Analysis
4. Non-EEA Banks' and Insurers' CoCos
5. Corporate Hybrid Securities and Preferred Shares.
2. CoCo Bonds and Bail-In Mechanism
3. The Contingent Convertibles Pricing Models: CoCos Credit Spread Analysis
4. Non-EEA Banks' and Insurers' CoCos
5. Corporate Hybrid Securities and Preferred Shares.