Assertion: contingent convertible bond | /r/HasProperty | coco
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text: A contingent convertible bond (CoCo), also known as an enhanced capital note (ECN) is a fixed-income instrument that is convertible into equity if a pre-specified trigger event occurs.
text: The ramifications of selling contingent convertible bonds (CoCos) to retail buyers could be brutally illustrated by the bailout of Cyprus’s banking sector, while ties with Russia complicate strategy.