Arab Today, arab today korean banks issue contingent convertible bonds
Last Updated : GMT 12:41:09
Arab Today, arab today
Arab Today, arab today

Korean banks issue contingent convertible bonds

Arab Today, arab today

Arab Today, arab today Korean banks issue contingent convertible bonds

South Korean broadcasters and banks
Seoul - Yonhap

South Korean banks are moving to issue contingent convertible bonds, or CoCo bonds, in their efforts to secure additional funds and improve financial soundness, market watchers said Monday.
CoCo bonds refer to debts that a holder can convert into a specified number of common stocks at the issuing bank when it becomes financially troubled.

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