news, comment, analysis and data on the global business of credit trading and investing
Issuers
Regulator tells Swiss banks to issue cocos, reports Financial Times
Wednesday, April 14, 2010
The Financial Times reports that UBS and Credit Suisse are looking at issuing contingent capital bonds, despite being regarded as some of the world’s best capitalised banks. According to the article, the duo are being prodded by the Swiss regulator to look into issuing bonds which convert into equity if the institution’s regulatory capital falls below a predefined trigger.
<< END >>
Related stories
- Greek government blinks first as foreign law bondholders repaid... 1 day ago
- Verso reshuffles itself back up ratings 2 days ago
- CLO investor buys two large equity pieces in the primary market 21 days ago
- Natixis prices an $833 million mid-market CLO 1 month ago
- NY-based hedge funds take lead on credit equity plays 1 month ago
Trading
Funds
Structured
CFlux secondary
CLO index levels:
| Index | 14 May |
|
| CFlux USD AAA | ↑ | 96.0 |
| CFlux USD AA | ↑ |
87.7 |
| CFlux USD A | ↑ | 85.1 |
| CFlux USD BBB | ↓ | 77.2 |
| CFlux USD BB | ↑ |
75.9 |
| CFlux USD EQ | ↓ | 76.7 |
