Banks Wrap Up Issuance of Hybrid Securities for the Year—IBK Faces Market Setback

South Korean banks have completed their 2025 hybrid securities issuances, with spreads between policy banks and commercial lenders narrowing sharply; IBK’s latest CoCo bond drew weak demand, signaling shifting market dynamics.

Steady Demand for Bank Holding Company CoCo Bonds—Yield Appeal Set to Rise Next Year

South Korean bank holding companies issued nearly 4 trillion won ($3.05 billion) in CoCo bonds this year, with steady carry demand despite lower yields; analysts expect issuance and yield appeal to rise in 2025 as refinancing needs grow and government bond yields climb.

2020 CoCo Bond Refinancing Returns - 'Absolute Yield Attraction' in Focus

Financial holding companies prepare to refinance 2020 CoCo bonds, attracting investors with high yields amid expectations of interest rate cuts

Anleihen der Credit Suisse: Nun zeigt sich, wem Verluste drohen

Zäsur am Markt für Bankanleihen: Die Abschreibungen bei der Credit Suisse offenbaren, wie nachrangige Schuldtitel schnell sehr gefährlich werden können.

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Why $17 Billion in Credit Suisse ‘CoCos’ Got Wiped Out in UBS Takeover

They’re called contingent convertible bonds, or CoCos — and are often described as high-yield investments with a hand grenade attached. The takeover of Credit Suisse by UBS Group AG included pulling the pin on $17 billion of CoCos, which are also known as Additional Tier 1 (AT1) bonds. This is in keeping with the idea behind the birth of CoCos in the wake of the European debt crisis. CoCos are the lowest rung of bank debt, meaning that while they produce juicy returns in good times, they’re desi

瑞信AT1債券變廢紙 黃天牧曝台金融業曝險

瑞銀集團（UBS）同意以30億瑞士法郎（32.5億美元）收購瑞士信貸（Credit Swisse）條件之一是160億瑞郎（173億美元）的瑞信債券減計註銷、變成廢紙。金管會主委黃天牧20日赴財委會接受媒體訪問時指出，金管會正在了解金融機構投資情況，至於對台股影響要再觀察，他舉出美國財長葉倫在國會聽政時的用詞「堅決的resolute、明快的decisive、有力的forceful」就是目前政府的態度，六大央行也聯手穩定金融市場。黃天牧指出，瑞銀買瑞信後160億瑞郎債券被註銷，金管會也是早上得到此消