‘Convenience’ Deferrals Rising For TruPS?

16 Dec 2009

Participants in the trust preferreds collateralized debt obligation market are debating the rise of “convenience deferrals,” or the deferment of payments to preference shares by issuing banks.

--Olivia Thetgyi

Participants in the trust preferreds collateralized debt obligation market are debating the rise of “convenience deferrals,” or the deferment of payments to preference shares by issuing banks. While some argue more banks are deferring payments out of choice rather than necessity, others say there is more need ...

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