高级债券

混合债券（或者次级债券）支付给投资者的利息要高于更高级债券，但如果企业陷入困境，这种债券将比其他债券更早承担损失。

Hybrid , or subordinated , debt pays a higher coupon to investors than more senior debt but is designed to bear losses earlier than other forms if the company runs into trouble .

但对于是否把痛苦扩展到高级债券持有人，政府尚未下定决心。

But the government has hesitated to extend the pain to senior bondholders .

如果发行人破产，先偿付清算人和政府税，然后是高级债券，然后才是次级债券。

In case of bankruptcy , subordinated bond holders are paid after the liquidator , government taxes , and senior bond holders are paid .

美国国际集团的审计员随后迫使该集团将截至11月30日期间的超高级债券亏损从15亿美元修正为60亿美元。

AIG 's auditors then forced it to revise its super-senior losses from $ 1.5bn to $ 6bn , for the period ending November 30 .

例如，无论你持有50亿美元还是500亿美元理应为低风险的超级高级CDO债券，按比例计算，发生亏损的可能性是一样的。

For example , whether you owned $ 5bn or $ 50bn of ( supposedly ) low-risk super senior debt in a CDO , the likelihood of losses was , proportionally , the same .

2月20日，在中新集团尽管一度推迟但仍在30天的宽限期内支付了利息后，穆迪投资者服务公司（Moody'sInvestorsService）上调了中新集团高级无担保债券的评级。

On Feb.20 , Moody 's Investors Service upgraded Neo-China 's senior unsecured bonds after the company made an interest payment that had been delayed but was still within a30-day grace period .

dealogic的银行数据包括所谓的高级无担保债券发行，这是银行传统上主要的融资手段。

The Dealogic bank data includes so-called senior unsecured issuance , traditionally the bread and butter of bank funding .

银行融资的主要来源高级无担保债券的发行规模为2003年以来最低。

The amount of senior unsecured debt , a mainstay of bank funding , is at its lowest since 2003 .