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The new arrangement extends the maturity of the loan to 2018 from 2011.
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This is a financing operation that extends the maturities of existing debts and therefore, contrary to what is stated in your article, it neither increases the national debt nor relaxes the commitments to achieve the deficit targets agreed by the regional governments.Elena Salgado Spanish minister for the economy and finance Madrid.
In negotiations with creditors, Dubai World has had one basic aim — to extend the maturity of its short-term debt that will be maturing soon — especially a $3.5 billion Islamic bond issue, or sukkok, payable on Dec. 14.
The company, based in The Hague, also said it would refinance three bonds maturing in 2005 and 2006 as it worked to extend the maturity of its outstanding debt.
Extending the maturity of bonds is the next step.
He favors simply extending the maturity of existing notes by five years, at the same interest rate.
He proposes, and Albany lawmakers should consider, that refundings or refinancings be restricted unless they offer cost savings and do not extend the maturity of the debt.
Among all of the options, extending the maturity of Greece's debt appears to be the most likely and politically palatable.
Mr. Bernanke summarized the Fed's recent actions to purchase additional agency mortgage-backed securities and continue extending the maturity of its Treasury holdings.
Analysts have also been expecting that the Fed will start replacing its current program to extend the maturity of its Treasury holdings with straight purchases of Treasury securities.
In a welcome concession to reality, France's president, Nicolas Sarkozy, announced that French banks are now prepared to "voluntarily" extend the maturity of some Greek debt.
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