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Panasonic shocked its bondholders recently when it said it faced losses of over ¥700 billion for the second year in a row.
G.M. has said it would begin talks with its bondholders and the U.A.W. on Jan . 5
Exelon has not yet secured the refinancing and has suggested that it prefers to negotiate with its bondholders.
Originally, the company said it would need agreement from 70percentt of its bondholders to go through with the exchange.
Charter had been negotiating with its bondholders since mid-December.
Its bondholders will receive the bulk of the remaining equity.
The city's next largest creditors are its bondholders.
G.M., however, will have more trouble winning over its bondholders.
Its bondholders alone stand to lose more than $575 million.
That would force the government to choose between paying its bondholders and its pensioners.
This is the dynamic at work in the negotiations between Belize and its bondholders.
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