According to Spark Energy, it plans to use the subordinated debt
facility to enhance working capital, growth initiatives, capital optimisation, including, subject to lender approval, stock buybacks.
bo national scale local currency subordinated debt
ratings to the expected issuance of Bs.
In this context, it is worth highlighting that Fitch's ratings for GCC banks' subordinated debt
often factor in a high probability that sovereign support will be available for this debt class if and when required.
All the four Tunisian leasing companies' rated subordinated debt
issues are Lower Tier 2 issues.
11 October 2010 - S&P on Friday chopped by one notch its ratings on the non-deferrable subordinated debt
guaranteed by four Greek lenders.
The inter-creditor agreement describes the handling of major items such as: a) cross-acceleration; b) blockage of the subordinated debt
interest; c) subrogation; and d) bankruptcy rights.
It included a term loan for 84 per cent of the purchase price and associated expenses and subordinated debt
for the remainder.
Fannie Mae and Freddie Mac have committed to issuing subordinated debt
at least twice a year until the sum of each GSEs' core capital (essentially, the book value of equity capital) plus loan-loss allowance plus subordinated debt
equals at least 4 percent of adjusted assets.
The agencies monitor subordinated debt
yields and issuance patterns in evaluating the condition of large depository institution organizations.
Today, the subordinated debt
market is very sophisticated and its structure is limited only by the creativity of the people involved in structuring the mezzanine loan.
the "Bank"), announced today that the Company has increased the purchase price and extended the Company Expiration Date and Company Early Tender Deadline with respect to its previously announced cash tender offers for any and all of its outstanding trust preferred securities (the "Trust Preferred Securities"), and that the Bank has increased the purchase price and extended the Bank Expiration Date and Bank Early Tender Deadline with respect to its previously announced cash tender offers for any and all of its outstanding subordinated debt
securities (the "Subordinated Debt
Securities"), in each case in the manner described below.
rating to the bank's subordinated debt
program and to the first expected