As foreshadowed in the RJT accounts for the year ended 31 December 2007, JPY4.9bn is
required to be repaid to Shinsei on 6 May 2008 and JPY0.7bn is required to be repaid to
Credit Suisse on 1 May 2008. Should both the required debt repayment dates of JPY4.9bn
due to Shinsei on 6 May 2008 and JPY0.7bn due to Credit Suisse on 1 May 2008 not be
extended, this would lead to an event of default. Shinsei and Credit Suisse have been
requested to extend their repayment dates to allow sufficient time for an orderly completion
of the asset sales program.
Looking at the payment due on 6/5/08 this would be rolled over.AUD equivalent is about $50 million.
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