Assertion: contingent convertible bond | /r/HasProperty | convertible
Facets:
value: into equity
type: OTHER
value: if
type: DEGREE
Source sentences:
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: Contingent Convertible bond is the debt, which is convertible into equity if and when the issuer reaches a specified level of financial distress.