Some debtholders did not get their money back straight away, a technical default.
一些债务持有人没有直接拿到他们的钱，这是技术上的违约。
Senior debtholders, who rank first in the hierarchy of unsecured creditors if a bank is liquidated, have less to worry about.
在无担保债权人中，高级债券持有者在银行清算时能于第一顺位受偿，因而没有那么多的担心。
And a bigger equity cushion should help to reduce the cost of debt by counteracting fears that debtholders are too exposed to losses.
更多的资金缓冲会有助于通过抵消债权人对于损失过多的担忧来降低举债成本。
Whatever the method they choose, the message for all countries being held to ransom by their banks’ senior debtholders is clear: don’t start from here.
不管选择哪种方法，各国银行高等级债券持有人的反应都是一样的：别拿我们开刀。
But the glaring weakness of the proposal is its reliance on debtholders' willingness to accept less than eight cents on the dollar on even the most optimistic equity-valuation assumptions.
但是该提议最明显的弱点在于，即便在最为乐观的股权价值预计情况下，债券持有者是否愿意接受少于8%的协议。
But the glaring weakness of the proposal is its reliance on debtholders' willingness to accept less than eight cents on the dollar on even the most optimistic equity-valuation assumptions.
但是该提议最明显的弱点在于，即便在最为乐观的股权价值预计情况下，债券持有者是否愿意接受少于8%的协议。
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