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Busted Bond
(redirected from Old Bonds)

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Busted Bond
1. A bond that has defaulted and on which further payments are extremely unlikely or impossible. Busted bond certificates have become collectors' items. A busted bond is also called an old bond.

2. See: Busted convertible.


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Leuchtmann added: "Time is running out as Greece will have to find approximately 20 billion euros (27 billion dollars) on the capital markets over the next two months to redeem old bonds.
Our two countries enjoy cordial relations and share centuries old bonds of faith, culture, history, values and traditions.
375% Global Bonds due 2012 (ISIN: US698299AQ76; CUSIP: 698299AQ7) (the "2012 Bonds", and, together with the 2011 Bonds, the "old bonds"), to submit one or more offers to exchange ("Exchange Offers") old bonds for a reopening of Panama's 9.
 
 
 
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