European Banks Dump Massive Amounts of Subordinated Debt on Investors
MishTalk
DECEMBER 18, 2013
It is the highest such volume since the $122.4bn seen in 2008 according to Dealogic, the data provider. Mezzanine debt is another example of subordinated debt. Subordinated debt holders also lack the upside gain enjoyed by shareholders. Consider asset-backed securities. These are often issued in tranches. Also consider "stress tests".
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