1.Some bond cove-nants provide further protection to the in-vestors by stipulating that the bonds can be put back to the issuer in the event the ma-jority shareholder sells down his stake or when certain financial ratios, eg. debt to e-quity ratio, breach a set level.
2.Last month, Hainan Airlines, a regional carrier in which George Soros, a financier, holds a 14.8% stake, announced plans to sell its non-tradable shares to finance expansion and repay debt.
