Market Commentary

02 Dec 2015 Allen & Overy and Linklaters Dominate European Additional Tier 1 CoCo Bonds Market - CHARTS

 Allen & Overy and Linklaters have dominated the European Additional Tier 1 CoCo Bonds market in the last two years. UK and Spanish banks have tended to issue bonds with conversion-to-equity loss absorption, whereas Dutch, French, Italian, German and Nordic banks have tended to issue bonds with temporary write-down loss absorption. 

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