English translation: subordinate debt with no specific maturity
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21:59 Nov 2, 2008
German to English translations [PRO] Bus/Financial - Investment / Securities
German term or phrase:zeitlich unbefristete Nachranganleihen
These are instruments that are issued wihtin the socpe of the French pailout package. Is there a scpeific term for "zeitlich unbefristet"?
The sentence is as follows: Bei den zu emittierenden Anleihen handelt es sich um als Tier 1-Kapital anerkannte, zeitlich unbefristete Nachranganleihen, mit einer Kündigungsoption der Bank nach fünf Jahren