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A debt owed to an unsecured creditor that in the event of a liquidation can only be paid after the claims of secured creditors have been met.
- ‘The company also won a 30 million euro waiver on some of its subordinated debt.’
- ‘Certain transaction types are also a good fit for subordinated debt, including management buy-outs and acquisitions.’
- ‘There could be a couple of different debt tiers, maybe using some kind of subordinated debt.’
- ‘It is noteworthy that neither the Insolvency Act 1986 nor the Insolvency Rules contain any provision to deal specifically with the treatment of subordinated debts.’
- ‘The tier-II capitalisation route is not attractive because securities are treated as subordinated debts as long as the maturity period does not exceed five years.’
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