Exact(60)
In theory, they have very long maturity dates.
But investors in the preferred shares, which have no maturity dates, want out.
The company said its new financing would provide more flexibility, greater liquidity and extended maturity dates.
They have long-term maturities or, in fact, no maturity dates at all.
To meet their duration target, the managers stagger the bonds' maturity dates.
Maturity dates for bonds normally run from 5 to 30 years.
The company has 10 bond issues outstanding with maturity dates ranging from 2006 to 2009, according to Bloomberg data.
To avoid making bets on the direction of interest rates, they stagger the maturity dates of the bonds.
They have long-term maturities or, in the case of the preferred shares, no maturity dates at all.
In addition to direct help for its banks, Ireland is also pressing for longer maturity dates on its international loans.
Mr. George would not say on the record how many small-business borrowers became subject to maturity dates and renewals.
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