Danish banks ponder Cocos as sub pipeline builds

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Danish banks ponder Cocos as sub pipeline builds

Danish banks are considering contingent capital issuance after their regulator said that loss-absorbing instruments with a 7% trigger — similar to Barclays’ Coco — could be used to meet Pillar II capital requirements. Meanwhile, Swiss Re is talking to domestic investors on the last day of a roadshow for its Coco, which will be the first insurance Coco to feature a permanent write-down structure.

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