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Глосарій

Senior Preferred bond

Категорія — Види облігацій
Senior Preferred bond – a rank of debt securities available to banks.
This rank was introduced in accordance with the amendments to section 46f of the German Banking Law, which was established on July 21, 2018.

The unsecured bond market is divided into Senior Non-Preferred bonds, i.e. having a built-in “bail-in” procedure, and senior-level preferred bonds, i.e. without the built-in “bail-in” procedure.

In case of liquidation/bankruptcy of a company, senior preferred bonds are ranked higher than senior non-preferred bonds and subordinated bonds.
Senior Preferred Bonds are not subject to MREL (Minimum Equity and Eligible Liabilities) or TLAC (General Loss Absorbing Ability) rules.

Main characteristics:
Терміни з цієї ж категорії
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