We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

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