A little more detail: The experts rate the 6.25% Bank Bond - depending on the chosen scenario - at 75 to 85% of the nominal value (and that also applies to the 6,625% SNS Bank 2008 - 2018 and the 4,238% SNS Bank 1999 - 2019)
SNS Bank 6.25 dated sub (LT2) €262.342mn XS0552743048 **
SNS Bank 6.625 dated sub (LT2) €40.7mn XS0363514893
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· The other two Bank bonds (perpetuals: 5.75% 2003 and 11.25% 2009) - depending on the chosen scenario - are valued at 25 - 75% of the nominal value
SNS Bank 11.25 perp (Tier 1) €320mn XS0468954523
SNS Bank 5.75 perp (Tier 1) €10.95mn XS0172565482
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· Holding bonds (6.258% perpetual and 8.45% 2008 - 2018) are valued at 0 - 25%.
SNS Reaal 6.258 perp €250m XS0310904155
SNS Reaal 8.45 dated sub $100mn XS0382843802