Unsecured Unsubordinated Debt
Is unsecured unsubordinated debt the same thing is senior unsecured debt? Would this just mean that it is the most senior unsecured debt? Where exactly does it fall into the capital stack?
Is unsecured unsubordinated debt the same thing is senior unsecured debt? Would this just mean that it is the most senior unsecured debt? Where exactly does it fall into the capital stack?
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never heard of something being called "unsubordinated" and I worked in restructuring for a few years...my guess is it would fall right behind the senior secured in the capital structure (ie highest unsecured) like your guess.
In the context of recent implementation of statuory subordination in many EU countries I guess you are asking about senior non preffered. If yes then its between tier2 and senior preffered
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