To contact the editors responsible for this story: Shelley Smith at ssmith118@bloomberg.net It is selling subordinated bonds for the first sale of the riskiest bank debt in Europe since January ; it will sell so - called additional Tier 1 notes , which are the first to take losses in a crisis , to yield about 7 % . This announcement follows the European Central Bank 's announcement last month to pay banks to borrow , and the European Commission 's suggestion of giving " particular priority " to investors in the debt .
It is selling subordinated bonds for the first sale of the riskiest bank debt in Europe since January ; it will sell so - called additional Tier 1 notes , which are the first to take losses in a crisis , to yield about 7 % . This announcement follows the European Central Bank 's announcement last month to pay banks to borrow , and the European Commission 's suggestion of giving " particular priority " to investors in the debt .