contingent convertible bond

contingent convertible bond definition - business

contingent convertible bond

A bond convertible into shares of stock only if the share price achieves a specified level. Also called CoCo bond.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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