Ferguson maintains that United fans should not confuse Ronaldo's sale with the £67m paid by the club in interest last year or the Glazers' frantic search for £500m in new bond loans to soften crushing interest fees, though the supporters themselves say the big issue is where most of the £80m went subsequently: to a transfer fund or to the banks.
The agencies have offered developers such inducements as large parcels of land assembled and sold at reduced prices, concessions in city requirements for parking facilities and low-cost construction financing through government-sponsored and government-guaranteed bond loans.
Troy, Mich., School District, Oakland County, $102.8 million of 2004 school building and site refunding bonds for Michigan School bond loan fund program.
They are like a mutual fund that bundles together bonds, loans or swaps.
One hot topic: clauses in corporate bonds, loans or trading agreements, known as rating triggers.
Yields on Greece's sovereign bonds (loans made to the Greek government) briefly exceeded 9%, a big jump.
Sometimes, as Mr. Einhorn notes, those portfolios also hold stocks, bonds, loans awaiting securitization, and pieces of structured finance deals.
Mr. Schneider, also 31, is a trader of bonds, loans and credit derivatives at Owl Creek Asset Management in New York.
Through the deal, K.K.R.'s credit investment business will grow to about $28 billion, and will add to its ability to invest in European bonds, loans and structured products.
They reckon there may be a total of €30 trillion-worth of cross-border exposure under foreign law, including bonds, loans, derivatives and swaps.
So it goes with collateralized debt obligations, or C.D.O.'s, which are bonds, loans and other assets that the Street pools together and sells as packages of securities.
