A memo discussing the buying opportunity in European hybrid bonds (CoCos) with yields between 6.4% and 6.9%. The memo highlights the widening of yields for BBVA and Santander CoCos and explains the characteristics and benefits of these bonds.
doj/DataSet10/EFTA01453169.pdf
{"key_people":["Tazia Smith"],"document_type":"correspondence","key_locations":["New York, NY"],"document_subtype":"memo","key_organizations":["KCP Capital Markets","BBVA","Santander","Deutsche Bank Securities, Inc.","Deutsche Asset & Wealth Management"]}