They appeared in federal court later and were released on unsecured bonds.

Smith was given a $500 unsecured bond pending her scheduled trial.

In a bankruptcy, unsecured bonds have a higher priority claim than common stock.

Meanwhile, a total of $395 million in unsecured bonds issued by the unit came due Sunday.

Banks across the region have been unable to sell any long-term unsecured bonds since early July.

“The door is open for covered and senior unsecured bond issues in the periphery.

They didn’t enter pleas and were ordered released on unsecured bond.

In federal court, defendants are normally released on $10,000 unsecured bonds, meaning they do not have to put up any money.

McIntire was released on an unsecured bond to appear when ordered.

The final coupon for the unsecured bonds would be decided later on Thursday, the fund manager said.

Sharpe was released on a $10,000 unsecured bond and did not return repeated calls for comment Friday.

General Motors Corp. has $28 billion in unsecured bond debt.

Bondholders will be offered new senior unsecured bonds instead.

The unsecured bonds will be largely wiped out with only 5pc of equity transferring over.

Mariano surrendered Monday and was released on $50,000 unsecured bond.

Salcedo was released on an unsecured bond pending his appearance in court.

Europe’s banks are bracing for a fresh test this month: whether they can successfully sell unsecured bonds.

Europe’s banks have struggled to sell any senior unsecured bonds, their main source of long-term funding, since early July.

Staton was formally charged Friday and released under a $5,000 unsecured bond.

The executives appeared before Federal magistrates yesterday, and were each released on $100,000 unsecured bond.

Thus, the rating of the bond is the same as that of the company's senior unsecured bonds.

Suffice to say that without any kind of bail-out, the unsecured bonds are likely to have a very low recovery.

The company is expected to make a fresh debt-for-equity proposal to holders of $27bn in unsecured bonds within the next week or so.

But company executives said Ford expected only $7 billion to $15 billion of that money to be raised through unsecured bonds.

It must still complete a controversial debt-for-equity exchange with holders of $27bn in unsecured bonds.