Eventually, private sector participation reached 83,5% of Greek bond holders.
More junior bond holders will likely have to take stock in the company instead of cash.
As a result, in order to continue paying a dividend, the company will need permission from certain bond holders.
The first bond holders in line to be paid are those holding what is called senior bonds.
Hasbro said that at least 90 percent of the bond holders already had.
The bond holders were paid 58 cents to the dollar.
A. - Not if you are a corporate bond holder.
If the company goes under in a few years, the bond holder could wind up with nothing to show for the investment.
Yet it is not the bond holders or bankers that have felt the pain just working folk.
Fundentally it is time to force the bond holders to take a big hit maybe 80 to 90 percent.