Asset allocations

Banks pick up ‘cheap’ coco’s as CS debt goes up in smoke

Banks pick up ‘cheap’ coco’s as CS debt goes up in smoke

Rabobank said it took advantage of the sharp fall in prices of deeply subordinated bonds of European banks to buy additional cocos. BlueBay Asset Management is also betting on the risky bank bonds after Credit Suisse coco shareholders saw their money go up in smoke.

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