This cushion is higher for the senior bonds, supporting the one notch rating distinction from the subordinate bonds
Global Banking News-September 23, 2014--Bancolombia to issue USD501m in subordinate bonds
The bank's subordinate bonds have an AA+ rating from Fitch Ratings.
announced Friday it will raise about 250 billion yen by issuing subordinate bonds
to U.S., European and Asian institutional investors this month to return part of the 3.1 trillion yen in public funds it owes to the government.
* If tighter spreads on subordinate bonds
have pushed down pricing in the origination market, and originators of loans destined for securitization are far more willing to hold this paper than they were two years ago, aren't loan originators significantly exposed to the risk of a change in tastes among subordinate bond
The two-notch ratings distinction between the senior and subordinate bonds
reflects the deeply subordinated nature of the subordinate bonds
and a weaker security package.
18 March 2011 -- Moody's has rated at B1 two senior bond issues and at B2 two subordinate bond
issues of Kazakh lender Eurasian Bank.