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For simplicity, we assume that the bank has only short-term debt, some of which is collateralized debt c, the remainder is uncollateralized debt u.
SunPower's affiliation with Total is expected to benefit SunPower, lowering its cost of capital and increasing its access to uncollateralized debt financing.
The new series of ETNs is an uncollateralized debt obligation of Barclays Bank PLC with a 10-year maturity.