kaal:claim:1908473-009

The volume of contingent capital issuance should be large enough that conversion produces sufficient dilution, and the trigger timeframe should be roughly ninety days.

Source quote, verbatim

The volume of CCS issuance should probably be large enough to result in sufficient dilution upon conversion,47 and the timeframe for the trigger should probably be around ninety days.

From

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), I. INTRODUCTION, p. 13
https://ssrn.com/abstract=1908473 · source PDF

Cite as

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473

Holds when

Stated as a probable rather than settled design choice

Classification

designsupport: assertedcontingent-capital

Related claims

generalizes kaal:claim:2097160-012 Contingent convertible bonds issued to executives are typically too small in volume to dilute investors' equit...
extended_by kaal:claim:2097160-004 The conversion feature of contingent convertible bonds affects corporate governance in a SIFI only if issuance...

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