kaal:claim:1998455-023

Coupon rates between seven and nine and a half percent attracted sufficient investor interest in European contingent capital securities to establish what appears to be a sustainable market in those securities.

Source quote, verbatim

CCS coupon rates between 7% and 9.5% attracted sufficient investor interest and seem to have established a sustainable market in these securities.

From

Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012), V. Evolving Market in Contingent Capital, p. 35
https://ssrn.com/abstract=1998455 · source PDF

Cite as

Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455

Holds when

European CCS issuances through 2011
based on the Lloyds, Credit Suisse and Bank of Cyprus offerings and industry interviews

Classification

empiricalsupport: evidencedeconomicsempirical-evidence

Verify

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Attestation record: colloquium/attestations/0998eafcf1e5c51d...json
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