Most of the eight remaining mega-deals have weak covenants and "payment-in-kind" arrangements that allow them to defer cash interest payments, in one case for up to one-fifth of the total.
Credit derivatives are soaring in value and payment-in-kind notes (which pay interest with more debt, rather than cash) are in vogue.
信贷衍生工具价值的不断飙升，实物支付票据(用更多的债务来支付利息，而不是用现金)非常盛行。
3
It is a kind of based on the Internet, in order to trade both parties as the main body, by means of bank electronic payment and settlement, the new business model based on customer data.