Convertible bond

BoC dips toe in CoCo market

Spain's BBVA and Bank of Cyprus reopened the market with the issuance of the first euro-denominated contingent convertible bonds (CoCo) since the rescue of Credit Suisse in March, in what is seen as an attempt to restore confidence in the banks' riskiest debt instruments.

Four suitors express an interest in Forthnet stake

Troubled alternative telecommunications provider Forthnet has four suitors - two from the industry (Vodafone and Wind) and two others which have not been named but are private equity funds with a strategic interest.

The expressions of interest in acquiring Forthnet - owner of the Nova satellite TV platform - were made last Friday, as consultant Nomura had dictated.

Greek gov’t issues ministerial act on CoCos for bank recapitalization

The Greek government on Tuesday issued a ministerial council act on the details of the recapitalization of banks defining an 8.0 % interest on bonds and mentioning the operation of CoCos (convertible bonds) with which Hellenic Financial Stability Fund will cover additional capital needs of Greek banks.