To go further, however, and "haircut" senior debt or even existing preferred stock similar to that issued via the TARP would create an instability policymakers should not want to risk.
He said that he and many other institutional shareholders had repeatedly told management that a "substantial" rights issue was their preferred option to reduce Rio's debt.
他称他和许多其它的机构股东都曾再三向力拓的管理层反映,希望力拓进行一次大规模的股票增发以减少债务。
3
The shift was due to a distortion in the bond market because Asian central Banks preferred to buy short-dated debt.