Can Contingent Convertibles Help Private Asset Managers Fund Their Acquisition of Non-Performing Loans from Portuguese Banks? »
Series: IMF Working Papers
Author(s): Andre Santos
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 07 May 2019
Keywords: Financial soundness indicators, Bank capital, Financial crises, Credit, Interest rates, Asset managers, contingent convertibles, asset pricing, nonperforming loans, AMs
This paper analyzes the capital structure of private asset managers in which the acquisition of nonperforming loans (NPLs) is funded with Contingent Convertibles (CoCos) placed with investors. The paper develops a...