Contingent Convertible

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Contingent Convertible

A convertible bond in which the price of the underlying stock must reach a certain level before conversion is allowed. All convertible bonds have a conversion price, that is, the price one pays in order to exchange the bonds for stocks. Contingent convertible bonds, however, have a second, higher price that the underlying stock must meet before a bondholder is allowed to convert. For example, the conversion price for a convertible bond may be $10 per share, but if the stock price is below $20 per share, the investor may not convert the bond.
References in periodicals archive ?
Mire, la constitucion de la Placa de Norteamerica es menos densa que la de la Placa de Cocos.
Currently, the Cocos (Keeling) Islands possess some strategic value for the Australian state.
The debt instruments have a maximum limit of participation in each portion of capital: CoCos in additional level I capital--up to 15 % of total level I, and subordinated debts--up to 50% of total level I.
To gauge how much room there might be to raise the total of cocos outstanding further.
In Sri Lanka the major varieties of palms are Palmyra Palm or Borassus Palm) Coconut Palm' or Cocos nucifera, Kitul palm or Caryota Urens and the Areca Nut palm or areca palm Areca catechu.
There is also a growing suspicion the safety net offered by cocos may encourage bankers to assume more risk than is prudent.
Pods of bottlenose dolphins hunt with vast schools of yellowfin tuna, and humpback whales pass by Cocos on their annual migrations.
Contingent capital bonds familiarly referred to as CoCos, are being lauded by regulators as a new and crucial financial instrument that
bonds, and thus also CoCos, in Switzerland as well as to boost the Swiss
Un racimo de cocos hasta el punto dorado de su lisa cubierta, habla de agua fresca, perfume almibarado.
But he killed the Spanish guards, turned pirate then hid the haul on Cocos Island, 350 miles off Costa Rica.
The carrier is also launching a direct service between Perth and Cocos Island on 6 April that will be operated weekly, on Tuesdays.