Finance – Page 53 – Fincyclopedia

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Principal Write-Down

A write down of the principal of a contingent convertible bond (CoCo bond) upon occurrence of a trigger event. In...

MBS

It stands for mortgage-backed security; a security (specifically, a type of asset-backed security, ABS) which is secured by a mortgage...

Mortgage Backed Security

A security (specifically, a type of asset-backed security, ABS) which is secured by a mortgage or pool of mortgages. The...

CoCo Risk

The risk that CoCo investors are exposed to. This risk arises from both the issuer of the CoCo, and the...

CoCo Basis

A measure of the basis between the spreads of CoCos (CoCo spread) and other risky securities from the same issuer....

Perpetual Contingent Convertible Bond

A contingent convertible (CoCo) bond that has no set maturity date. Like any perpetual bond (perp or consol bond), this...

Perpetual CoCo Bond

A contingent convertible (CoCo) bond that has no set maturity date. Like any perpetual bond (perp or consol bond), this...

Issuer’s On-The-Run Yield Curve

The yield spread for a given issuer that is added to the yield for the corresponding maturity of the on-the-run...

Fixed-Income Product

For an issuer, a fixed-income product is a form of debt that it is obliged to service (in terms of...

Share Repurchase

A commitment by a company to buy back its stock should its price drop below a specific level. Effectively, repurchasing…