Sentence examples for default on interest from inspiring English sources

City pension funds, insurers and foreign banks have been approached amid fears that it will default on interest payments to Citigroup, which bankrolled the buyout.

UNIFORET INC., Montreal, a lumber and pulp company, said it expected to default on interest payments due next week on $125 million of bonds after 20 consecutive quarters of operating losses.

The higher denial involves asserting that the government can prioritize, so as to avoid a default on interest payments, that this would avoid damage to the financial system, and that this means that everything will be OK.

The accord, signed by an ad hoc committee of five creditors that are owed more than 50percentt of the outstanding bonds, could be a new lifeline for the company, which is facing a possible default on interest payments early next year.

–WELLS G. HALE, Detroit, letter to The Detroit News Not Play Money The implications of Ecuador's default on interest payments on $1.6 billion of Brady bonds are serious: a squeeze on lending and a worsening of the country's risk profile, which will make it more expensive to borrow and hinder economic growth.

Not Play Money THE IMPLICATIONS OF ECUADOR'S DEFAULT on interest payments on $1.6 billion of Brady bonds are serious: a squeeze on lending and a worsening of the country's risk profile, which will make it more expensive to borrow and hinder economic growth.

But it became inevitable after the club defaulted on interest payments on an €81m (£68m) loan which was only granted after the regional government offered to stand as guarantor.

For one thing, China classifies loans as bad only when the principal fails to get repaid, even if the borrower has long defaulted on interest payments.

When the company defaulted on interest payments on its junk bonds in January 2001, every single Huntsman adviser urged him to put his creation into Chapter 11 as a way of salvaging some of his investment, if not control.

In 2008, having depleted its foreign exchange reserves, Seychelles defaulted on interest payments due on a $230 million Eurobond, requested assistance from the International Monetary Fund (IMF), and immediately enacted a number of significant structural reforms, including liberalization of the exchange rate, reform of the public sector to include layoffs, and the selling of some state assets.

Credit ratings—assessments of the likelihood that an issuer will default on the interest or principal due on its bonds now shoot through the market at internet speed and cover bond issues of all kinds.