Artículos
CoCos (AT1) versus capital (CET1) at Spanish and European banks
Contingent convertible bonds (CoCos) have emerged as one of the most popular instruments for recapitalisation in the European banking sector. In Spain alone, the 22 billion euros of CoCos issued over the last five years account for around 60% of Spanish banks’ capital-raising efforts.
Momentum in bond placement by the Spanish private sector
Autores:
Amor, José Manuel, Analistas Financieros Internacionales, Afi, Jiménez, Salvador, Peña, Irene, Pino, Javier
After muted activity in 2018, this year has seen intense growth in private fixed-income issuance by Spanish issuers. Specifically, bond issuance by the Spanish private sector during the first 10 months of 2019 is 23% higher year-on-year and already above the volume issued in all…
Spain’s current slowdown: Reduced real estate and financial risks
In its World Economic Outlook report in October 2019, the IMF noted a considerable slowdown in the eurozone, with growth in Spain expected to ease to 1.8% in 2020.
The Spanish housing market: Current situation and short-term outlook
Several years into the post-crisis recovery, the Spanish housing market is showing signs of a slowdown. This has sparked debate among analysts as to whether Spain is set to experience the bursting of another housing bubble.
CoCos frente a capital en la banca española y europea
Los bonos convertibles contingentes (CoCos) se han convertido en uno de los instrumentos más populares para la recapitalización en el sector bancario europeo. Solo en España, los 22.