Interesting business this bond issue. I was bonded by a company in the US many years ago and left due to badly maintained aircraft. They took me to court and won a judgement, but in the state I was working in it was illegal to bond and the judge ordered I did not have to pay due to that fact.
I thought I was clear of this debt but found out later when applying for a mortgage that the company had the judgement placed on my credit history and it remained there for 7 years!.
So really I did get away with not paying but I did end up paying for 7 years when it came to applying for any type of credit.