Contents Management report Corporate governance Consolidated financial statements Financial statements
22
Non-cumulative or
cumulative
23 Convertible or non-
convertible
24
If convertible, conversion
trigger(s)
26
27
If convertible, mandatory or
optional conversion
If convertible, specify
instrument type convertible
into
29
Write-down features
Interest is prohibited if the
relevant Solvency Rules
prohibit payments on junior
or pari passu securities. All
other interest is payable at
the Issuer's discretion, but
subject to dividend pusher
(for junior and pari passu
instruments).
If convertible, fully or partially
If convertible, conversion rate
If convertible, specify issuer of
instrument it converts into
Partially discretionary:
Required if the issuer makes
payments on junior/pari
passu securities or redeems,
repurchases or otherwise
acquires junior securities in
the 12 months preceding the
relevant Interest Payment
Date, unless it is prohibited.
Interest is prohibited if the
relevant Solvency Rules
prohibit payments on junior
or pari passu securities. All
other interest is payable at
the Issuer's discretion, but
subject to dividend pusher
(for junior and pari passu
instruments).
Partially discretionary:
Required if the issuer makes
payments on junior/pari
passu securities or redeems,
repurchases or otherwise
acquires junior securities in
the 12 months preceding the
relevant Interest Payment
Date, unless it is prohibited.
Interest is prohibited if the
relevant Solvency Rules
prohibit payments on junior
or pari passu securities. All
other interest is payable at
the Issuer's discretion, but
subject to dividend pusher
(for junior and pari passu
instruments).
Partially discretionary:
Required if the issuer makes
payments on junior/pari
passu securities or redeems,
repurchases or otherwise
acquires junior securities in
the 12 months preceding the
relevant Interest Payment
Date, unless it is prohibited.
Interest is prohibited if the
relevant Solvency Rules
prohibit payments on junior
or pari passu securities. All
other interest is payable at
the Issuer's discretion, but
subject to dividend pusher
(for junior and pari passu
instruments).
Partially discretionary:
Required if the issuer makes
payments on junior/pari
passu securities or redeems,
repurchases or otherwise
acquires junior securities in
the 12 months preceding the
relevant Interest Payment
Date, unless it is prohibited.
Interest is prohibited if the
relevant Solvency Rules
prohibit payments on junior
or pari passu securities. All
other interest is payable at
the Issuer's discretion, but
subject to dividend pusher
(for junior and pari passu
instruments).
380 Rabobank Annual Report 2015
