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。
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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.
On the second tranche of eight-year money, Banks can choose either a small proportion of higher interest payment-in-kind notes or a higher guarantee in the event of a repayment shortfall.