Subordinated debenture bond

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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 ?
M2 EQUITYBITES-November 29, 2016-DTE Energy Company redeems junior subordinated debentures
Global Banking News-October 27, 2015--CWB to redeem USD300m of subordinated debentures
UN) (NYSE:HTE), a Canada-based oil and gas royalty trust that acquires, develops, produces and sells oil and natural gas, has announced a normal course issuer bid for repurchase of the trust units and subordinated debentures.
The Phoenix-based homebuilder and developer of retirement communities is a frequent issuer of junk bonds, with four visits to the market in the past five years - all of which were subordinated debentures, except the first, which was senior notes.
175% Series A-6 Junior Subordinated Debentures which have been registered under the Securities Act of 1933 ("New Junior Subordinated Debentures") for all of its outstanding unregistered 8.
The Manufacturers Life Insurance Company (MLI), the Canadian insurance company subsidiary of Manulife Financial Corporation (NYSE: MFC), has successfully completed its previously announced offering of USD500m principal amount of subordinated debentures.
Equipment rental company United Rentals Inc (URI) (NYSE:URI) announced on Tuesday its plans for a partial redemption of convertible quarterly income preferred securities issued by its subsidiary (the Trust) and convertible subordinated debentures.
New York City time, on June 17, 2009, $2,232,338,000 principal amount of Old Junior Subordinated Debentures and $2,280,308,000 principal amount of Old Notes had been tendered and not withdrawn.
s (Everest Re Holdings) issuance of $400 million long-term junior subordinated debentures due 2037.
s (TRV) planned issuance of $1 billion of junior subordinated debentures due 2037.
03% Subordinated Debentures due February 28, 2017 of Morgan Stanley Finance plc, and 65,810 related purchase contracts of Morgan Stanley.
0% Subordinated Debentures in the aggregate principal amount of approximately $36 million and 8.