The offer calls for the interest rates on the deals to be raised to about 10.5percentt, and the maturity extended to Sept. 15, 2002.
Bonds maturing before 2010 would also have maturities extended, but those maturing after that would be repaid sooner, assuming all works out.
Yields on existing national bonds in a country such as Italy those with maturities extending beyond the transfer period of up to four years will be higher than those issued through the redemption fund, but overall borrowing costs should be reduced as investors see a credible path to debt reduction and fret less about a euro break-up.Of the three schemes, the German plan has most to commend it.
The maturities were extended to January 2005 and their amortization schedules were revised, Loral said.
It has proposed an additional plan under which Greek bonds that are set to expire before 2014 would have their maturities extended by seven years.
Updated at 10.57am BST 10.22am BST Irish bank debt maturities extended Back in Dublin, our correspondent Henry McDonald writes Ireland's finance minister has said he has secured a deal to extend Ireland's bank debt maturities by seven years.
With maturities extending to 10 years offering negative yields, investors need to take ever greater risks in longer-maturity bonds.
It proposes three options to deal with debt relief: by extending extending the maturity on Greek debt with grace periods of 30 years on the entire stock of European debt (this would take the repayments into the 2050s and beyond) explicit annual transfers to the Greek budget or deep upfront haircuts, which most Eurozone countries have so far opposed.
Mr. Bernanke summarized the Fed's recent actions to purchase additional agency mortgage-backed securities and continue extending the maturity of its Treasury holdings.
The new arrangement extends the maturity of the loan to 2018 from 2011.
LIFM is very sensitive to organic matter in sediments and for the suite of Chinese coals and possible source rocks investigated, considerably extends the maturity range over which visible fluorescence can be observed.
