Bondholders are dreaming if they think they will get full value they will be lucky if they get $0.30 to $0.40 on the dollar, Kid you posted link where bonds priced at $39.50 on the open market excluding potential yield of upcoming interest payment, see now someone has priced at $60.50 another dreamer, given the current situation payments are negotiated, KRY could play the default and bankrupt card, where will that leave bondholders, they may even take $0.25 on the dollar, seen this movie many times, also going by memory the major bondholder (White?? Hedge fund that invest in depressed bonds) involved in bondholder lawsuit brought in on the low when price fell when Chavez in 2005 announced cancelling of mining concessions, sadly debt holders are given first consideration us common shareholder are at the bottom of the list, just the reality.

http://www.investinginbonds.com/corporatebonds/(polv5j55xetl4vzg2g4ebym0)/cusip.aspx?action=all&cusip=22942FAA9