medium · Debt Capital Markets bond-instruments-structures

Which combination of features is mandatory for the instrument to qualify as going-concern regulatory capital?

1. Five-year maturity, cumulative coupons that must be paid in arrears, and senior unsecured ranking.
2. Fixed maturity date, mandatory non-deferrable coupons, and collateralization by ring-fenced mortgage assets.
3. Perpetual maturity, discretionary non-cumulative coupons, and a principal write-down or conversion trigger.
4. Perpetual maturity, coupons contractually tied to LIBOR, and an explicit guarantee from the home sovereign.

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