Coronavirus - we're here to help
From how to access your account online, scam awareness, your wellbeing and our community we're here to help.

Skip to main content
  • rainbow over text: 'thank you NHS'
  • Register
  • Help
  • Contact us
  • Log out of your HL account

What does subordinated mean?

A subordinated bond is a bond carring less seniority in the "pecking order" of the company's balance sheet. If the issuing company is forced into liquidation, subordinated debt holders will only be paid out once senior debt has been repaid (note: subordinated debt holders will, however, rank ahead of equity holders).

Still need help?

Contact us

Email us