Breaking a company bond without paying money would typically not be possible unless there are specific provisions in the bond agreement that allow for such an event. Bonds are legal contracts between the issuer (the company) and the bondholder (the investor), and they usually outline the terms and conditions of the bond, including the maturity date, interest rate, and redemption provisions.
In most cases, if an investor wants to "break" or terminate a bond before its maturity date, they may need to sell the bond in the secondary market. The bond's value in the secondary market will depend on various factors such as prevailing interest rates, credit rating changes for the company, and the remaining time to maturity. If interest rates have risen since the bond was issued, the bond's market price may be lower than its face value, resulting in a potential loss for the investor.
However, there are certain types of bonds or specific situations where a company may have call options or early redemption clauses that allow them to retire the bonds before the maturity date. These provisions are usually outlined in the bond contract and provide conditions under which the company can redeem the bonds early. But even in such cases, the bondholders would typically be entitled to receive the principal amount or a specific redemption price as stated in the bond agreement.
It is essential to review the specific terms and conditions of the bond agreement to understand the options available for bondholders and the potential consequences of any early redemption or selling of the bonds. If you are considering any action regarding company bonds, it's best to consult with a financial advisor or investment professional to make informed decisions.