德银美元债明年到期年化30%

建议读清楚条款如果真有这么好
德银可以发新债，自己买回，等于省下30%
以上说法出于直觉和常识
没有仔细研究

Contingent convertibles: when 'vanishing' bonds make good investmentsUnder certain circumstances, contingent convertibles may be subject to a write-down or converted to equity. Yet sophisticated investors are embracing the asset class. We find out why.

原来是CoCo。 小心principal write-down. 赌一把无所谓吧