The goal is to lower debt-servicing costs and extend maturities by converting short-term, high-interest bank loans to low-interest, long-term municipal bonds. 其目标是降低偿债成本,并通过将短期、高息的银行贷款置换为低息、长期的市政债券来延长到期期限。
Indeed, SME's do not rely on a large pool of liquid assets and their short-term solvability largely depends on bank loans. 因为中小型企业确实不是依靠巨额的流动资产,而且它们的短期解决方案很大程度上是依靠于银行贷款。
The proportion of short-term bank loans to total bank loans did not play an active oversight effect. 短期银行贷款占总银行贷款的比例较大却没有发挥其积极的监督效应。