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17. Subordinated Liabilities

This related to a 10-year bond loan dated 12 July 2006. The nominal interest rate was 5.625% and the issue price was at 99.314%. The bond was subordinated to other liabilities. The bond matured on 12 July 2016.

The movement in subordinated liabilities is as follows:

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in thousands of EUR









Balance sheet value as at 1 January










Balance sheet value as at 31 December