Junior issue

(redirected from Subordinated Securities)

Junior issue

A debt or equity issue from one corporation over which the issue of another firm takes precedence with respect to dividends, interest, principal, or security in the event of liquidation.

Junior Issue

A security that has a lower priority compared to another in the event of liquidation. That is, if a company goes bankrupt and is liquidated, holders of secured debt must be paid before the holders of unsecured debt. Holders of unsecured debt must be paid before preferred shareholders, and finally, preferred shareholders must be satisfied before common shareholders. In the forgoing, each security is a junior issue compared to the previous one. See also: Absolute Priority Rule.
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Credit loss can vary depending on subordinated securities and non-subordinated securities.
The bank has hired four banks to help arrange its first offshore sale of subordinated securities that will count as capital under the country's new banking rules.
03% of subordinated securities, thus guaranteeing the interests of the originating institution and investors.
Some will go toward credit-linked securities and senior subordinated securities, too.
It is Fitch's view that sovereign support, while possible, cannot be sufficiently relied upon to flow through to bank hybrids and subordinated securities, the rating agency said.
com, in most countries it is Fitch's view that sovereign support, while possible, cannot be sufficiently relied upon to flow through to bank hybrids and subordinated securities.
The Ca ratings on these subordinated securities reflect the anticipated loss to those creditors that will participate in the exchange.
OMFI is the only fund in Oman with a mandate to invest in subordinated securities of Omani companies.
The regulator completely eliminated all subordinated securities and private-label mortgage-backed securities rather than allowing them in limited concentrations as originally proposed.
The revised rule addresses the risk-based capital treatment for recourse obligations, residual interests (except credit-enhancing I/Os), direct-credit substitutes, and senior subordinated securities in asset securitizations that expose banking organizations (including bank holding companies) primarily to credit risk.
75% senior unsecured notes due 2015, $350 million 8% senior unsecured notes due 2039, as well as the indicative debt ratings of "bbb" on senior unsecured securities and "bbb-" on the subordinated securities under the shelf registration of the parent holding company; Transatlantic Holdings Inc.
Fitch expects to assign a 'B+' rating to an upcoming issue of up to US$120 million of 10-year junior subordinated securities.