Contingent capital, take two

December 02, 2009 12:00 am

Those who doubted that contingent capital would have a future after the Lloyds Banking Group exchange completed last week have already been proved wrong. Yorkshire Building Society will issue £100m worth of CoCa notes to strengthen its capital base when it merges with Chelsea Building Society in April. To find out more about the ins and outs of the deal, read EuroWeek on Friday.

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