Debenture holder has priority over ordinary shareholder.
债券持有人比普通股东享有
权。
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The effort by Zambia to restructure its debt hit a bump when a deal it had struck with bondholders was rejected by China and France, highlighting the difficulty in getting private and official creditors to agree on debt relief.
赞比亚与债券持有人达成的一项协议遭到中国和法国的拒绝,赞比亚重组债务的努力遭遇挫折,这突显出让私人债权人和官方债权人在债务减免上达成一致的难度。

情景口语