Laura Noonan: Here’s what is at stake if we don’t repay those Anglo bondholders – Analysis, Opinion – Independent.ie.

If a bank fails to honour one of its bonds, the rest of its bonds become payable immediately. In Anglo’s case, there will be about €12.5bn on bonds outstanding once today’s $1bn payment goes through. The last of those bonds don’t fall due until 2049, but Anglo could face demands for all of them today if it didn’t make the $1bn payment.