... Educational materials: Educational platforms from brokers and banks host webinars, seminars, and publish articles on bonds. They explain how to calculate yields and understand the basic concepts (coupons, terms, issuer ratings). What are Subordinated Bonds? Subordinated bonds are a special type of bond that are mainly issued by banks in Russia. They have a lower priority of payment: senior debts are serviced first, and subordinated bondholders receive payments only after that. The law allows the issuer to ...