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comment by b_b
b_b  ·  3211 days ago  ·  link  ·    ·  parent  ·  post: Time for coco bonds before bed?

I almost choked on this line:

    The cost of protecting the company’s subordinated debt from default for five years using credit-default swaps has more than doubled since the end of 2015, rising to 438 basis points, a four-year high, from 187.