Bottom line — bond holders of Puerto Rican debt didn't get paid.

基说，波多黎各债券持有者没有得到还款。

Whereas the additional tier 1 bond holders have been wiped.

而额外 1 级债券持有人已经被抹去。

Argentina defaulted on its debts on Wednesday after a last minute talks with the group of bond holders collapsed.

周三，与这些债券持有人进最后谈话破裂后，阿根廷再次违约。

Typically, bond holders take precedence over shareholders.

通常，债券持有人优先于股东。

But pension funds are not the only bond holders that may face liquidity issues.

但养老基金并不是唯一可能面临流动性债券持有人。

And all of this is encoded in the covenant between him and the bond holders.

所有这一切都被编码在他和债券持有人之间契约中。

They're allowed to charge the public for the use of their things in order to pay back the bond holders.

他们被允许向公众收取使用其物品费用，以偿还债券持有人。