"Should both the required debt repayment dates of JPY4.9bndue to...

"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."

It is worth noting that Shinsei and Credit Suisse make up RJT's long term debt exposure. I would have thought that given this fact, the two will have a strong bias to give time to RJT to orderly sell assets. This way it offers better protection for them in terms of the longer term credit risks.