By Myles Udland, includes “… Tchir also highlighted the change in the price of Deutsche Bank's junior subordinated perpetual bonds yielding 7.5%. These are referred to as "CoCo's," which is short for contingent convertible capital instruments, and they are basically a creative way for banks to meet mandated capital requirements. According to a Bloomberg report out Monday, analysts at CreditSights think there is an increasing chance Deutsche Bank could struggle to meet payments on these bonds next year…”
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