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The Resource Can Contingent Convertibles Help Private Asset Managers Fund Their Acquisition of Non-Performing Loans from Portuguese Banks?, Santos, Andre O

Can Contingent Convertibles Help Private Asset Managers Fund Their Acquisition of Non-Performing Loans from Portuguese Banks?, Santos, Andre O

Label
Can Contingent Convertibles Help Private Asset Managers Fund Their Acquisition of Non-Performing Loans from Portuguese Banks?
Title
Can Contingent Convertibles Help Private Asset Managers Fund Their Acquisition of Non-Performing Loans from Portuguese Banks?
Statement of responsibility
Santos, Andre O
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
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 model based on NPL transfer prices and residual recovery rates to assess capital structures consisting of CoCos and equity. The CoCos would contain put and call options to write down losses and write up profits, respectively, arising from liquidation and restructuring procedures. The paper concludes that the protection mechanism provided by debt write-downs embedded in CoCos and the incentives to investors provided by debt write-ups could help bridge the gap between Portuguese banks' NPL bid prices and private equity firms' ask prices
Member of
Cataloging source
YOU
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IMF eLibrary
http://library.link/vocab/creatorName
Santos, Andre O
Government publication
international or intergovernmental publication
Index
no index present
LC call number
HM548
LC item number
.G363 2019 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
IMF e-Library - York University
Series statement
IMF Working Paper,
http://library.link/vocab/subjectName
  • Economics
  • Economics
Label
Can Contingent Convertibles Help Private Asset Managers Fund Their Acquisition of Non-Performing Loans from Portuguese Banks?, Santos, Andre O
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1104881020
Dimensions
unknown
Extent
1 online resource (30 pages)
Form of item
online
Isbn
9781498312080
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498312080.001
Specific material designation
remote
System control number
(OCoLC)1104881020
Label
Can Contingent Convertibles Help Private Asset Managers Fund Their Acquisition of Non-Performing Loans from Portuguese Banks?, Santos, Andre O
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1104881020
Dimensions
unknown
Extent
1 online resource (30 pages)
Form of item
online
Isbn
9781498312080
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498312080.001
Specific material designation
remote
System control number
(OCoLC)1104881020

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