By February 1990, the authority will issue its first long-term debt.
Another $800 million is required to cover interest on $8 billion in long-term debt.
However, the company more than doubled its long-term debt, by over $80 billion.
Its long-term debt came to $27.1 billion, or 42 percent of the total.
Why deal with long-term debt if it's not going to be your problem?
That might just cover the roughly $705 million in long-term debt.
But a plan is now on the table to sell $1.5 billion in long-term debt to balance the city's new budget.
After the public offering, however, the company would have long-term debt of $10.4 billion.
Its long-term debt at the end of 1986 was $6.8 billion.
The sales have helped clear almost all of the company's short-term and long-term debt.
Wörterbuch für Finanzen