To account for this pattern, we develop a sovereign default model with an endogenous choice of debt maturity and payment schedule. During recessions, the country prefers its payments to be more ...
We model and calibrate the arguments in favor and against short-term and long-term debt. These arguments broadly include: maturity premium, sustainability, and service smoothing. We use a dynamic ...
When faced with a government that refuses to pay its debts, creditors are often prepared to negotiate a compromise. This is called a debt restructuring. Creditors may be prepared to lengthen the ...
Olivier Rabiller, President and CEO of Garrett, expressed satisfaction with the refinancing, noting the move not only lowers interest expenses but also improves the company's debt maturity profile.
The NBP issues bonds and treasury bills according to a schedule that it publishes in advance and circulates to the ... The National Bank of Poland calls its short-term debt instruments “T-bills.” As a ...
As of Sept. 30, 2024, the company had $1.1 billion in liquidity. CPT has a well-laddered debt maturity schedule with a weighted average year-to-maturity of 6.5 years. In addition, in the third ...