convertible bond

(redirected from Contingent Convertibles)
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Related to Contingent Convertibles: Mandatory Convertible, CoCo Bonds
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Noun1.convertible bond - a bond that can be converted to other securities under certain conditions
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
References in periodicals archive ?
It would not be right to claim that contingent convertibles, henceforth cocos, are so familiar as to need no introduction.
4bn) by placing so-called contingent convertibles, or 'Cocos', the Financial Times has reported.