The iBoxx € Non-Financials Subordinated is designed to measure the performance of investment grade, EUR-denominated subordinated debt from non-financial sectors. The index includes fixed-rate bonds, dated and undated callable subordinated corporate bonds and fixed-to-floating rate bonds with at least one year remaining time to maturity, while excluding retails bonds and private placements. Eligible bonds must have a minimum amount outstanding of EUR 500 million for new issues or EUR 1 billion for legacy currency bonds.