Furthermore, it has no public debt maturity before more than 5 years, which positions it well for future growth.
FORBES: Take Home Shares Of This Auto Dealer That Tripled The Return Of The S&P 500 Last Year
Less clear, however, is whether the extension of Uruguay's debt maturity will be enough to solve the country's debt problems.
And because our average debt maturity is now 65 months, new debt should continue to be refinanced at cheaper rates for some time.
Meanwhile, ECB Chief Trichet indicated that the central bank would cooperate with a plan to allow Greek creditors to rollover debt at maturity.
FORBES: Dollar Selling Climbs After Trichet Accepts Rollover Plan
Sergio Trigo Paz was having conversations with multiple investors that planned to hold debt to maturity, and were matching the income flow from the emerging market bonds that they were buying to specific liabilities.
Once a municipal bond is refinanced, (prerefunded) the issuer uses the proceeds of the new issue and purchases US Treasury securities (collateral) that are used to pay the interest and principal on the original, more expensive debt until maturity or the call date, whichever the escrow agreement states.
Does X worth of 1-day-maturity debt really hedge 10X of a 7-year commercial real estate loan?
FORBES: Banning Prop Trading By Banks: At Some Point It Becomes Banning Banking
Debt of longer maturity is also available to creditworthy firms at lower interest rates than before the financial crisis.
Debt with a maturity range of one to 10 years has zoomed from 42% in 2001 to more than 53% last year.
Yet the portion of the national debt with a maturity of more than 20 years has dropped from 12% in 2000 to 5% currently.
But the debt has a maturity date of half at seven and half at eight years from when we made the loan, so in the current trajectory, we would expect Chrysler to pay back their loan when its due.
Would a reprofiling an extension of the maturity of debt to give the Greeks some breathing-space qualify?
ECONOMIST: How the credit-default market will judge a deal on Greece
The new purchases will be confined to debt with a residual maturity of up to three years.
ECONOMIST: Has Mario Draghi done what it takes to save the euro?
The more you offer the private sector "incentives" to roll over debt or extend its maturity, the less voluntary it becomes.
Second, CHK is extending the average maturity schedule of its debt by replacing senior notes due to mature over the next six years with convertible preferred shares that come with no maturity date.
Until now it has mostly repaid short-term debt, lengthening the overall maturity of its borrowing.
Maturity of the debt is around 4.5 years, dangerously short-term when interest rates spike.
The average maturity of federal debt was more than seven years in the 1940s.
Essentially, absolutely every bank in the eurozone is now being encouraged to repo to maturity eurozone sovereign debt.
FORBES: Eurozone: It's Working, the Carry Trade is Working, Euro Saved!
That's due to the exceptionally long maturity of our debt - which I have discussed many times before.
The short maturity of the debt is as challenging as the amount.
As I have pointed out here before, if the Debt Management Office hadn't done quite such a brilliant job in borrowing for long maturities - such that the average maturity of UK debt is just under 14 years - the UK might well be like Italy in finding it very hard to borrow at any price right now.
That's the average maturity of British government debt, the number of years that we as taxpayers have to pay off what we owe our creditors.
Indeed finance officials plan to issue a new bond (which would reopen the market for emerging economies) to lengthen the maturity of the public debt.
The bank says it aims to lengthen the average maturity of domestically traded debt from its current 11 months to as much as four years.
When the crisis broke out in Thailand two years ago, the Philippine banks were well capitalized, corporate debt levels were low by Asian standards and, unlike Thailand's or South Korea's, little of the country's foreign debt was of short-term maturity.
According to Bloomberg, the weighted average maturity of all American public debt is now around five years.
Consider that the Barclays Municipal Bond Index (the most popular industry benchmark) is comprised of predominantly longer-maturity, higher-grade debt.
Yield to maturity on emerging-market debt as measured by the JP Morgan EMBI Global Diversified Index is roughly 5.37%, compared with roughly 2% for the U.S. 10-year Treasury bond.
应用推荐