Because they'll be converting that (very) short term debt into long term debt

Then it becomes a (lesser) cashflow problem of paying the coupon (interest). And hope like f**king crazy that they have ?500m in the bank when the principal is due (many years hence)

It "works" for Mafia because they earn more than enough to pay the coupon every year.

Posted By: BerlinCanary, Feb 23, 17:10:49