Spain To Use CoCos In Bank Overhaul

02 Feb 2012

The Spanish government is said to be planning to issue debt and use the proceeds to help struggling banks through contingent convertible bonds (CoCos) as part of its overhaul of the banking system.

The Spanish government is said to be planning to issue debt and use the proceeds to help struggling banks through contingent convertible bonds (CoCos) as part of its overhaul of the banking system.

Click here to read the story from Bloomberg.

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