Banks gear up for high-risk debt sales in `once in a lifetime' market
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LONDON (Reuters) - Banks are set to ramp up their sale of high-risk debt to investors desperate for new ways of bolstering their profits as rock-bottom interest rates hit their portfolios.Demand for the riskiest -- and often the most rewarding -- form of bank capital debt, known as CoCo bonds, has risen sharply in recent months as the return on the bonds of Germany and other countries have dwindled to worse than nothing.Nearly half of European corporate debt now carries negative yields, and with..