Some Restaurant Enterprises Group Ine.'s junk bonds have tumbled more than 25 points during the past six weeks, a trader said yesterday.

Weak operating numbers, a failed sale-leaseback deal, and an "onerous" amortization schedule are some of the reasons for those losses sustained by the company's 123/4% senior subordinated notes of 1998, the trader alleged. An analyst concurred those allegations, adding that there was more to the story than that.

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