Swiss regulators have been pushing the so-called co-co bonds as a way to boost capital in case of a new financial crisis. ❋ Deborah Ball (2011)
Agence France-Presse/Getty Images Lloyds Banking Group and Credit Suisse have issued large amounts of the 'co-co' debt in recent years. ❋ Sara Schaefer Muñoz (2012)
By contrast, UBS, which will hold back profits and not pay dividends for several years in order to meet the big-bank rules, has shied away from the co-co market, saying the new instruments aren't in the best interest of its shareholders. ❋ Katharina Bart (2011)
Ethos is arguing that Credit Suisse shouldn't engage in risky trading activities, which would make the need for co-co capital moot. ❋ Katharina Bart (2011)
Key differences between the deals are that the Credit Swiss co-co triggers at 7%, and it converts into equity as opposed to being written down. ❋ Art Patnaude (2012)
Even so, Credit Suisse's total co-co requirement is likely to be 32 billion francs, according to Evolution Securities , so it can't rely entirely on existing investors. ❋ Simon Nixon (2011)
Activist investment fund EthosFund—influential in Switzerland because it holds sway with Swiss pension funds—said shareholders should vote against Credit Suisse's plan to create as many as 400 million additional shares, part of which the bank needs to fulfill a six billion Swiss franc $6.69 billion contingent-convertible, or "co-co," bond issue sold to the government of Qatar and Saudi Arabia's wealthy Olayan family in February. ❋ Katharina Bart (2011)
"We view the market's supportive reaction to Credit Suisse's Tier 2 co-co issue as a positive development for both Credit Suisse and the nascent coco market as a whole," Barcap analyst Jeroen Julius said. ❋ Katharina Bart (2011)
The bond issue counters investor concerns about a co-co bond market emerging at all. ❋ Katharina Bart (2011)
But while this is clearly good news for the nascent co-co market, it is too early to draw many conclusions for the rest of the industry. ❋ Simon Nixon (2011)
The whole idea of a contingent convertible debt instrument (commonly referred to as a “co-co bond”) is to allow the debt-holder the added * benefit* of being able to capture upside by converting into equity; not the other way around. ❋ Unknown (2010)
While Credit Suisse has voiced confidence in a co-co market forming, rival UBS AG has in the past said it prefers to bolster its capital by other methods rather than co-cos. ❋ Katharina Bart (2011)
With the six billion franc issue to existing investors and a $2 billion public one shortly after, Credit Suisse is pioneering co-co bonds, which the SNB is pushing as part of a raft of measures aimed to safeguard the Swiss economy should one or both of Switzerland's largest banks, Credit Suisse and UBS AG, collapse. ❋ Katharina Bart (2011)
Credit Suisse is testing the water with a public issue of Tier 2 co-co notes. ❋ Simon Nixon (2011)
So perhaps there is a market for co-co bonds after all. ❋ Simon Nixon (2011)
A UBS spokesman said the bank was monitoring developments in the co-co market but had no further comment. ❋ Deborah Ball (2011)
As others point out above, these things would be impossible to market on traditional co-co terms. ❋ Unknown (2010)
The whole idea of a contingent convertible debt instrument commonly referred to as a “co-co bond” is to allow the debt-holder the added *benefit* of being able to capture upside by converting into equity; not the other way around. ❋ Unknown (2010)
And as for you, even when you were a young punk you used to go 'Co-co co-co,' like a hen after a rooster, but you had no pep. ❋ Unknown (2007)
[Conan] [hates] being [called] Co Co ❋ Frank Rider (2009)
[Where you from]?
[Tha] muthafuckin' Co Co County! ❋ Jizzo Fortanel (2004)
" Man, I didn't know till after we puffed that blunt but that [sketchy hoe] sprinkled the ye on that [herb man], them co co puffs really fucked my ass up and not in a wholesome good way, stimulants are nooooo [good bro]." ❋ The Supavillian (2008)
*[making out] with girlfriend* "Hey man, Co Co Mo."
"She's gonna let [you hit] it?"
"Hell yeah! Now get the hell [outta here]!" ❋ Joe-E (2006)
yo i [smoked] the [finest] shit last night with co co puffs [on it] ❋ Fuckshitbitch (2006)
yo pass me [the milk] so i can [enjoy that] shit (note do not put water on it otherwise itll [taste like shit]) ❋ Jamie Land (2004)
person 1: yo [where you be] going to skool at?
person 2: fo po co co
person 1: is that even in america? it sounds foreign
person 2: [forest park] [community college] duh ❋ PassOutAtThreeWakeUpAtTen (2010)
([sqrt](cos(x))*cos(999999999999999999999999999999999999999999999999999 x)+sqrt(abs(x))[-0].7)*(4-x*x)^[0.01], sqrt(9-x^2), -sqrt(9-x^2) from -4.5 to 4.5 ❋ Giant Salamanders Eat Pant (2020)
Hey babe. ([sqrt](cos(x))*cos(200 x)+sqrt(abs(x))[-0].7)*(4-x*x)^[0.01], sqrt(9-x^2), -sqrt(9-x^2) from -4.5 to 4.5 !!! ❋ Nguyen Vu Long (2011)
([sqrt](cos(x))*cos(999999999999999999999999999999999999999999999999999 x)+sqrt(abs(x))[-0].7)*(4-x*x)^0.01, sqrt(9-x^2), -sqrt(9-x^2) from -4.5 to 4.5
[Copy-paste] it noobs. ❋ WrySquirrel3069 (2020)
