It was a wise decision to bring bank bond issues scheduled for 2011 forward to the beginning of the year. The volume of securities already issued by the leading banks is equal to the entire stock of bonds due for redemption during the year.
While such debt issue is voluntary, these organizations typically come to the market to issue subordinated debt at least once or twice a year. 5  BIS Review 71/1999  Most subordinated debt proposals focus on banks, however, and there are strong public policy reasons for doing so.