英语语法分析

The owners of the riskiest tranches often have the most voting power.

风险最高的债务持有者常常拥有最大的投票权力。

The market value of some tranches has slumped to less than ten cents on the dollar.

以美元计，一些份额市值已降至不足十美分。

The first tranches of bonds, offering 6.85% and a sovereign guarantee, were oversubscribed.

首批发行的债券有主权担保的，大约是全部的6,85 %，已经被超额认购了。