Sentence examples for defaulted on a bond from inspiring English sources

Municipal bond default is actually quite rare: no state has defaulted on a bond since the Depression, and only four cities or counties have defaulted on a guaranteed bond in the last 40 years.

China's Hainan International Trust and Investment Company has defaulted on a bond issue for 14 billion Japanese yen, or about $130 million, after a 14-day grace period lapsed on a missed payment.

When Mr. Blankenship backed out at the last minute from talks to buy Harman Mining, Mr. Caperton's company quickly plunged into bankruptcy, and he defaulted on a bond that the government requires coal companies to post to pay for the cleanup of old mines.

It is the most morally questionable form of insurance, because it lets one insure against the borrower defaulting on, say, a bond, without having an insurable interest in that bond.

After all, with the Athens government in disarray and investors wary of having anything to do with Greece, now would be a bad time to make things worse by defaulting on a bond payment.

There have been at least a dozen bankruptcy filings in recent months, and more than a dozen have defaulted on bond payments or warned investors of challenging times ahead, according to data compiled by Bloomberg.

TMM, which defaulted on a $177 million bond in May, may be able to use the cash from the award to pay off creditors.

In Pontiac, Mich., for instance, a new studio defaulted on a large bond payment last year, after that state's incentives program was trimmed.

The city has defaulted on a $35 million bond, and interim city officials have warned that Bell faces insolvency and might not be able to pay its bills come May.

Puerto Rico defaulted on a $422-million 422-million, and faces significant probonds in providing basic governMayt services.

This news followed the bankruptcy in March of Wuxi Suntech, the main operating subsidiary of the world's largest maker of solar panels, after it defaulted on a $541 million bond payment.