Senior non-preferred debt

Senior non-preferred debt is a class of senior unsecured bonds created specifically so that banks could build MREL without subordinating their operating liabilities: it ranks below ordinary senior debt in insolvency but above Tier 2, by statute rather than by contract.

Senior non-preferred sits between subordinated capital and ordinary senior debt. It exists because the 2017 creditor hierarchy directive gave EU banks a statutory layer that can be bailed in without touching deposits, derivatives or trade liabilities. Full definition in the glossary.

Notional is summed over EUR-denominated lines that report an amount. FIRDS carries no exchange rates, so amounts in other currencies are counted but never converted.

Most recently issued

Source: ESMA FIRDS·Updated 2026-07-24

First trade	ISIN	Instrument	Issuer	Seniority	Ccy	Coupon	Maturity
2026-06-24	XS3429140398	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,250,000,000 3.375 per cent. Green Senior Non-Preferred Notes due June 2031	BBBBVA	SNP	EUR	3.375%	2031-06-30
2026-06-01	XS3392765957	DeutscheBank 6 07% 01 06 2036	Deutsche Bank	SNP	USD	6.07%	2036-06-01
2026-05-29	XS3400932599	DNB BANK ASA Issue of GBP 600,000,000 Fixed Rate Reset Green Senior Non-Preferred Notes due July 2032	DNB	SNP	GBP	5%	2032-07-23
2026-05-21	XS3388353024	DNB BANK ASA Issue of €750,000,000 6-year non-call 5-year Fixed-to-Floating Rate Green Senior Non-Preferred Notes due May 2032	DNB	SNP	EUR	3.625%	2032-05-28
2026-04-15	US12803RAN44	CAIXABANK, S.A. U.S.$1,000,000,000 4.818% Senior Non-Preferred Callable Fixed-to-Floating Rate Notes due 2032 - 144A	CACaixaBank	SNP	USD	4.818%	2032-04-22
2026-04-15	US12803RAP91	CAIXABANK, S.A. U.S.$1,000,000,000 5.402% Senior Non-Preferred Callable Fixed-to-Floating Rate Notes due 2037 - 144A	CACaixaBank	SNP	USD	5.402%	2037-04-22
2026-04-15	USE2428RAN55	CAIXABANK, S.A. U.S.$1,000,000,000 4.818% Senior Non-Preferred Callable Fixed-to-Floating Rate Notes due 2032 - Reg S	CACaixaBank	SNP	USD	4.818%	2032-04-22
2026-04-14	XS3351011039	ABN AMRO BANK N.V. Issue of GBP 500,000,000 5.375 per cent. EuGBS Green Senior Non-Preferred Unsecured Fixed Rate Notes due 21 December 2032	AAABN AMRO	SNP	GBP	5.375%	2032-12-21
2026-03-30	US23341CAH60	DNB BANK ASA Issue of U.S.$750,000,000 Senior Non-Preferred Fixed-to-Floating Rate Notes due March 2032	DNB	SNP	USD	4.832%	2032-03-30
2026-03-27	US23636BBN82	DANSKE BANK A/S Issue of U.S.$ 750,000,000 Non-Preferred Senior Fixed Rate Resettable Notes due 2032	DBDanske Bank	SNP	USD	0%	2032-03-27
2026-03-25	US23636BBM00	DANSKE BANK A/S Issue of U.S.$ 850,000,000 Non-Preferred Senior Fixed Rate Resettable Notes due 2029	DBDanske Bank	SNP	USD	4.662%	2029-03-27
2026-03-25	USW9423AAD47	SWEDBANK AB (PUBL) Issue of U.S.$650,000,000 4.898 per cent. Senior Non-Preferred Notes due 30 March 2031	SWSwedbank	SNP	USD	4.898%	2031-03-30
2026-03-23	XS3323667694	DNB BANK ASA Issue of SEK1,000,000,000 callable Floating Rate Senior Non-Preferred Notes due March 2030	DNB	SNP	SEK	Not disclosed	2030-03-20
2026-03-23	XS3323687882	DNB BANK ASA Issue of SEK 500,000,000 4-year non-call 3-year Fixed-to-Floating Rate Senior Non-Preferred Notes due March 2030	DNB	SNP	SEK	3.075%	2030-03-20
2026-03-19	XS3322557466	SWEDBANK AB (PUBL) Issue of NOK 600,000,000 Floating Rate Senior Non-Preferred Notes due March 2031	SWSwedbank	SNP	NOK	Not disclosed	2031-03-19
2026-03-19	XS3322558357	SWEDBANK AB (PUBL) Issue of NOK 1,200,000,000 5.060 per cent. Senior Non-Preferred Notes due 19 March 2031	SWSwedbank	SNP	NOK	5.06%	2031-03-19
2026-02-09	XS3297093885	SWEDBANK AB (PUBL) Issue of GBP 400,000,000 Callable Resettable Green Senior Non-Preferred Notes due 16 October 2031	SWSwedbank	SNP	GBP	0%	2031-10-16
2026-02-03	XS3289620042	SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) Issue of EUR 750,000,000 3.375 per cent. Senior Non-Preferred Notes due 10 February 2033	SEB	SNP	EUR	3.375%	2033-02-10
2026-01-14	NO0013710970	DANSKE BANK A/S Issue of NOK 1,000,000,000 Non-Preferred Senior Floating Rate Callable Notes due 2034	DBDanske Bank	SNP	NOK	Not disclosed	2034-01-14
2026-01-14	NO0013710988	DANSKE BANK A/S NOK 2,650,000,000 Non-Preferred Senior Fixed-to-Floating Rate Callable Notes due 2034	DBDanske Bank	SNP	NOK	4.99%	2034-01-14
2026-01-12	XS3261883105	CAIXABANK, S.A. Issue of EUR 1,250,000,000 Fixed to Floating Rate Senior Non-Preferred Notes due January 2037	CACaixaBank	SNP	EUR	3.875%	2037-01-20
2026-01-12	XS3273175474	ABN AMRO BANK N.V. Issue of EUR 750,000,000 3.750 per cent. Senior Non-Preferred Unsecured Fixed Rate Notes due 16 January 2036	AAABN AMRO	SNP	EUR	3.75%	2036-01-16
2026-01-08	XS3273008816	DANSKE BANK A/S EUR 300,000,000 Non-Preferred Senior Floating Rate Callable Notes due 2029	DBDanske Bank	SNP	EUR	Not disclosed	2029-01-14
2026-01-07	XS3268962761	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,250,000,000 3.750 per cent. Senior Non-Preferred Notes due January 2036	BBBBVA	SNP	EUR	3.75%	2036-01-15
2026-01-07	XS3268962845	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 750,000,000 Senior Non-Preferred Notes due January 2029	BBBBVA	SNP	EUR	Not disclosed	2029-01-15

XS3429140398BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,250,000,000 3.375 per cent. Green Senior Non-Preferred Notes due June 2031▾

XS3392765957DeutscheBank 6 07% 01 06 2036▾

XS3400932599DNB BANK ASA Issue of GBP 600,000,000 Fixed Rate Reset Green Senior Non-Preferred Notes due July 2032▾

XS3388353024DNB BANK ASA Issue of €750,000,000 6-year non-call 5-year Fixed-to-Floating Rate Green Senior Non-Preferred Notes due May 2032▾

US12803RAN44CAIXABANK, S.A. U.S.$1,000,000,000 4.818% Senior Non-Preferred Callable Fixed-to-Floating Rate Notes due 2032 - 144A▾

US12803RAP91CAIXABANK, S.A. U.S.$1,000,000,000 5.402% Senior Non-Preferred Callable Fixed-to-Floating Rate Notes due 2037 - 144A▾

USE2428RAN55CAIXABANK, S.A. U.S.$1,000,000,000 4.818% Senior Non-Preferred Callable Fixed-to-Floating Rate Notes due 2032 - Reg S▾

XS3351011039ABN AMRO BANK N.V. Issue of GBP 500,000,000 5.375 per cent. EuGBS Green Senior Non-Preferred Unsecured Fixed Rate Notes due 21 December 2032▾

US23341CAH60DNB BANK ASA Issue of U.S.$750,000,000 Senior Non-Preferred Fixed-to-Floating Rate Notes due March 2032▾

US23636BBN82DANSKE BANK A/S Issue of U.S.$ 750,000,000 Non-Preferred Senior Fixed Rate Resettable Notes due 2032▾

US23636BBM00DANSKE BANK A/S Issue of U.S.$ 850,000,000 Non-Preferred Senior Fixed Rate Resettable Notes due 2029▾

USW9423AAD47SWEDBANK AB (PUBL) Issue of U.S.$650,000,000 4.898 per cent. Senior Non-Preferred Notes due 30 March 2031▾

XS3323667694DNB BANK ASA Issue of SEK1,000,000,000 callable Floating Rate Senior Non-Preferred Notes due March 2030▾

XS3323687882DNB BANK ASA Issue of SEK 500,000,000 4-year non-call 3-year Fixed-to-Floating Rate Senior Non-Preferred Notes due March 2030▾

XS3322557466SWEDBANK AB (PUBL) Issue of NOK 600,000,000 Floating Rate Senior Non-Preferred Notes due March 2031▾

XS3322558357SWEDBANK AB (PUBL) Issue of NOK 1,200,000,000 5.060 per cent. Senior Non-Preferred Notes due 19 March 2031▾

XS3297093885SWEDBANK AB (PUBL) Issue of GBP 400,000,000 Callable Resettable Green Senior Non-Preferred Notes due 16 October 2031▾

XS3289620042SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) Issue of EUR 750,000,000 3.375 per cent. Senior Non-Preferred Notes due 10 February 2033▾

NO0013710970DANSKE BANK A/S Issue of NOK 1,000,000,000 Non-Preferred Senior Floating Rate Callable Notes due 2034▾

NO0013710988DANSKE BANK A/S NOK 2,650,000,000 Non-Preferred Senior Fixed-to-Floating Rate Callable Notes due 2034▾

XS3261883105CAIXABANK, S.A. Issue of EUR 1,250,000,000 Fixed to Floating Rate Senior Non-Preferred Notes due January 2037▾

XS3273175474ABN AMRO BANK N.V. Issue of EUR 750,000,000 3.750 per cent. Senior Non-Preferred Unsecured Fixed Rate Notes due 16 January 2036▾

XS3273008816DANSKE BANK A/S EUR 300,000,000 Non-Preferred Senior Floating Rate Callable Notes due 2029▾

XS3268962761BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 1,250,000,000 3.750 per cent. Senior Non-Preferred Notes due January 2036▾

XS3268962845BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Issue of EUR 750,000,000 Senior Non-Preferred Notes due January 2029▾

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