Subordinated debenture bond

(redirected from Subordinated Debentures)

Subordinated debenture bond

An unsecured bond that ranks after secured debt, after debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: Debenture bond, mortgage bond, collateral trust bonds.

Subordinated Debenture Bond

A class of unsecured bond that, in the event of liquidation, is prioritized lower than other classes of debt. In essence, a subordinated debenture bond is an unsecured loan, which has no collateral. Should the issuer be liquidated, all other bonds and debts must be repaid before the subordinated debenture bond is repaid. This class of debt carries higher risk, but also pays higher interest than other classes. It is a type of junior debt.
References in periodicals archive ?
5% First Priority Senior Subordinated Debentures - Due December 15, 2003; -- 4 1/2% Second Priority Senior Subordinated Debentures (Series A) - Due June 15, 2004; and -- 4% Second Priority Senior Subordinated Debentures (Series B) - Due June 15, 2004.
Ivanhoe announced today that it has received tenders for approximately $188 million principal amount of outstanding convertible subordinated debentures of Cambridge Shopping Centres Limited (TSE: CBG) in favor of its offers to purchase all of the Cambridge outstanding convertible subordinated debentures (excluding the 6% Convertible Subordinated Debentures due June 30, 2007).
03% Subordinated Debentures due February 28, 2017 of Morgan Stanley Finance plc, and 65,810 related purchase contracts of Morgan Stanley.
Ivanhoe today announced the prices for its Offers to Purchase all of Cambridge Shopping Centres Limited's (TSE:CBG) outstanding convertible subordinated debentures (excluding the 6% Convertible Subordinated Debentures due June 30, 2007).
NYSE: PRG) (the "Company") today announced that it did not make the interest payment due today related to the Company's outstanding 6% Convertible Subordinated Debentures due 2001, in the principal amount outstanding of $125.
0% senior notes due 2034 and an 'A' rating to AGL's $150 million series A enhanced junior subordinated debentures due in 2066.
The Trust will exchange its preferred securities for Series B preferred stock of SunAmerica in consideration for the deposit by SunAmerica of junior subordinated debentures in the Trust as trust assets.
s (Nasdaq-NNM: JOIN) (Intercable) $160 million 11-1/2% senior subordinated debentures due 2004, $100 million 10-1/2% senior subordinated debentures due 2008, and $19.
Second graph of release should read: The junior subordinated debentures will be offered to the public at 99.
5% Senior Subordinated Debentures due 1999 for a comprehensive restructuring of its obligations to those creditors.
90% convertible unsecured subordinated debentures, which are convertible at the option of the holder into trust units of the Fund on the earlier of the maturity date and the business day immediately preceding the date fixed by the Fund for redemption, at a conversion price of $5.