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Shareholders inevitably want to know that they are not throwing cash endlessly into a hole for the benefit of bondholders.
Quantitative easing, as practised by the Bank of England and the US Federal Reserve, merely flooded the financial sector with money to the benefit of bondholders.
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We argue that such provisions insulate corporate directors from the discipline from potential litigation, and allow them to pursue their own interests by adopting low-risk, self-serving operating strategies, which coincidentally redound to the benefit of corporate bondholders.
In the prepared statement, Keating said the bankruptcy petition was "the only course of action that will maximize the value of Phoenix-based American Continental for the benefit of our bondholders and shareholders". American Continental has been trying unsuccessfully to sell Lincoln since mid-1988, buthreeee deals already have fallen through.
Bondholders have the benefit of the guarantee, but other creditors — like those who argue that Countrywide committed fraud in connection with their mortgages or foreclosures — do not.
Whatever assets remained would be administered for the benefit of creditors, which would potentially include bondholders and customers whose claims exceeded the protection provided by S.I.P.C.'s insurance system.
List of bondholders of co.
Mr. Rahl represents a group of bondholders.
A group of bondholders opposed the plan.
That would largely crush the value of bondholders' investments.
The structure we propose provides greater protection to the PAC bondholders than current structures during periods of rising interest rates when this class of bondholders faces greater extension risk.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com