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Further reading Banks refute case for market triggers on contingent convertibles More on contingent convertibles |
No sooner had bond market participants learned of Credit Suisse’s successful completion of a buffer capital notes deal widely marketed to investors outside the US than expectations grew that more offerings would follow quickly in the weeks ahead. Suddenly estimates for the eventual supply in a new and unproven bank capital market that has stuttered along with a handful of outstandings for the past 15 months start at $500 billion and go up from there.
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