If the company goes under in a few years, the bond holder could wind up with nothing to show for the investment.

That will leave the company to the junk bond holders.

The first bond holders in line to be paid are those holding what is called senior bonds.

More junior bond holders will likely have to take stock in the company instead of cash.

The bond holders were paid 58 cents to the dollar.

This purchase bought out about half the existing bond holders.

Hasbro said that at least 90 percent of the bond holders already had.

Yet it is not the bond holders or bankers that have felt the pain just working folk.

Eventually, private sector participation reached 83,5% of Greek bond holders.

As a result, in order to continue paying a dividend, the company will need permission from certain bond holders.

"They are unhappy obviously," he said, referring to the bond holders.

Meanwhile, bond holders who got stuck with the junk watched its value drop.

The pool is run by a board elected by bond holders.

They were opposed by banks and bond holders who feared the effects of inflation.

And in the event of a bankruptcy, bond holders would be subordinate to Chase.

However, getting the bond holders to accept an exchange offer has become very difficult, something caused by the holdout problem.

Private-sector bond holders are an integral part of the public and private banking system.

The stock and bond holders will also receive warrants allowing them to buy shares of the company for $9 each.

After they have been paid, the subordinated bond holders are paid.

In the case of bonds, the principal is usually paid back as a single payment to the bond holder at maturity.

Subordinated Bonds Holders of these may also receive some stock.

According to the Finance Minister, at least 70% of bond holders have accept the governments' offer.

In this case, bond holders have the option of redeeming the issue in three years.

However, even if agreement is reached, there is no guarantee that all bond holders will sign up, analysts said.

Corporate bond holders are compensated for this risk by receiving a higher yield than government bonds.