Bondholders claimed that Citi not only misrepresented its exposure to mortgage-backed assets, but also understated losses on loans.
They promised to marshal assets so that the banks would be ahead of the bondholders.
Our liabilities are still in excess of our assets, so now the bondholders enter the picture.
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And senior bondholders ought to be taking losses (even if only symbolic ones) along with depositors.
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Finally, ECB will re-examine its policy of insisting on being treated as senior to private bondholders.
Bondholders also got a scare from Angela Merkel, Germany's chancellor, and members of her cabinet.
Clearly, bond debt will have to come down which means a haircut for bondholders.
Now they simply continue to draw their salaries and force the bondholders to take a haircut.
In the case of a default by the bank, bondholders have access to the underlying loans.
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Bondholders maintain that Chapter 9 contains a clear provision for the payment of revenue bonds.
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He also planned on giving up 49% of the company and some other securities to bondholders.
That's because firms get a tax deduction for the interest they pay bondholders and other creditors.
Do the bondholders put padlocks on the doors and sell the company's machinery for scrap?
The goal is tomake bondholders accept losses in order to keep a struggling bank in business.
If the bank were liquidated, bondholders would stand to lose almost all their investment.
There will be little sympathy for shareholders or bondholders this time, if it comes to that.
And lenders fear lawsuits from mortgage bondholders if they start writing down loan values.
Another is to appoint a trustee who could negotiate such terms on behalf of bondholders.
This will be used to buy out Railtrack's bondholders and pay off its debts.
It goes first into the hands of those bondholders who receive interest and principal payments.
Sorry, bondholders, ABN Amro said, but your securities were issued by an empty corporate shell.
The official rate is just under 10%, which is the rate that the bondholders get.
These guys have said, well, maybe we just pay the interest on -- for bondholders.
"We simply don't know where the money went, " says Andrew Rosenberg, lawyer for American Tissue's bondholders.
When Daewoo collapsed nearly three years ago, bondholders were compensated at almost full face value.
Over the long term, the greatest risk to bondholders is that sales of cigarettes could collapse.
Shareholders, unlike bondholders, receive no legal promise to be repaid in cash at a certain time.
Potential solutions have run the gamut from ignoring it to choosing to only pay bondholders.
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Bondholders would capture only some of these gains, while still being exposed to large risks.
When inflation rises, for instance, bondholders will expect a higher nominal interest rate on new debt.
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