Rare card
Contingent convertible bond
- Value
- 50 W
- Attack
- 639
- Defence
- 511
- Players
- 0
A contingent convertible bond (CoCo), also known as an enhanced capital note (ECN), is a fixed-income instrument that is convertible into equity if a pre-specified trigger event occurs. The concept of CoCo has been particularly discussed in the context of crisis management in the banking industry.
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