subordinated bonds are paid after other debt should a company fall into bankruptcy.
次级债是一种后偿债券,一旦企业破产,这种债券的索偿权排在其他证券之后。
the cbrc shall be in charge of reviewing and approving the issuer「s qualifications and overseeing the issuer」s activities in including the subordinated bonds in its supplementary capital.
中国银行业监督管理委员会负责对商业银行发行次级债券资格进行审查,并对次级债券计入附属资本的方式进行监督管理;
article 12 the financial bonds and subordinated bonds of policy banks as invested in by an insurance institution may be exempt from credit rating.
第十二条保险机构投资的政策性银行金融债券和次级债券可以免于信用评级。
the pbc shall be in charge of supervising the issuance and trading of subordinated bonds in inter-bank bond market.
中国人民银行对次级债券在银行间债券市场的发行和交易进行监督管理。
that is in addition to sales of bonds and subordinated bonds the banks will use to further boost capital.
此外,各银行还将发售债券和次级债券来进一步充实资本。