Читать книгу The Sterling Bonds and Fixed Income Handbook - Mark Glowrey - Страница 31

These types of bonds are comparatively rare but here the bondholders will have a direct charge on an individual pool of assets (often real estate). This, of course, will be of little help if the company is unprofitable and unable to pay the interest due on loans. However, in the event of a bankruptcy, secured lenders will be at the head of the queue and are likely to make a full recovery of their investments.