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How the Bank Debt That Everyone Is Talking About Works: Q&A

  • CoCo bonds were created after the crisis to prevent bailouts
  • Value of bank CoCos are falling amid concern about payments
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CoCo Primer: What They Are and How They Work

Deutsche Bank AG’s attempts to reassure investors about its ability to pay its debts have shone a spotlight on a type of security that didn’t exist as recently as three years ago. Here’s what you need to know about CoCo bonds. For more background, check out our QuickTake.