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Friday, March 13, 2020 10:55:32 AM
Should have said:
Another type of security that may be considered is a form of "COCO" debt which may be treated as regulatory capital This debt will convert to straight equity if certain financial metrics are breeched. This was used to meet the massive capital needs of European financial instutions in 2009.
Here is a cite:
https://www.investopedia.com/terms/c/contingentconvertible.asp
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