The interest rate is subject to change at the beginning of the extended maturity period (10 years from issue).

"They are being asked to extend maturities and would be compensated for it."

Bonds entering an extended maturity period January 2003 or later earn interest at 1.5% each year.

The point at which a bond stops earning interest, also known as the final extended maturity date.

"That will put pressure on folks to extend maturities in order to capture yield," he added.

While that means it would be profitable to extend maturities, it is still early.

He talked about aging, which he prefers to call "extending maturity and resisting decline."

Taking the Middle Road Investors get their best rewards by extending maturities only slightly out on the yield curve.

The brunt of the losses were borne by long-term bonds, which tend to be the most speculative because of their extended maturities.

Companies will often seek to exchange their securities to extend maturities, reduce debt outstanding or convert debt into equity.

"But there has been good active participation by other investors" who have been buying and extending maturities in anticipation of lower interest rates in the future.

Since the original maturity of your United States Savings Bonds was 10 years, they are scheduled to enter a 10-year extended maturity period in 1996.

A bond's Guaranteed Minimum Rate is established when the bond is issued and is subject to change at the beginning of each extended maturity period.

UPM-Kymmene completes talks on extending maturity of loan to APRIL.

Among other things, the plan includes a renegotiation of its $221 million bank loan to include a capped interest rate, an extended maturity date and an amended amortization schedule.

Cherubini came from Florence and spent much of his extended maturity in Paris, where he epitomized establishment classicism to restless romantics like Berlioz.

"Our view was that as people became less concerned about the possibility of tightening, that would lead all kinds of institutions - banks, insurance companies, pensions funds - to extend maturity.

Internal risk models are not yet sufficiently developed for banking supervision purposes, and the banks must be allowed to continue working with the extended maturity bank models up to the end of the transitional period.

Also, savings bonds have an original maturity period during which the bond increases in value and becomes worth at least its face amount and an extended maturity period during which it continues to earn interest.

Extending Maturities Analysts said the average days left to maturity of securities in portfolios rose two days, to 64 days, as managers extended maturities in search of higher yields.

"We agreed to extend maturity on loans extended to Hyundai Engineering and Construction, in order to ease its short-term cash shortage," said Lee Youn Soo, vice president of the main creditor, Korea Exchange Bank.

Extended maturities, rollovers to debt with adjusted terms - there are a whole box of tricks we see time and again in sovereign defaults to dress up what is really happening and make it all just a little less painful for everyone.

Higher Yields Sought The intermediate sector of the market, securities that mature in four to seven years, led the way as investors decided to extend maturities for a higher yield than can be obtained at the short end or in bank accounts.

After more than six months of generally rising interest rates and diminishing investor demand for long-term bonds, one securities dealer remarked that "not only are people buying - they are willing to extend maturity, and that's something there has been precious little of this year."

In addition, "banks have been very proactive about downsizing their loan books, getting borrowers to refinance their debt in the bond market, and extending maturities for the better borrowers," said Steven Wharton, an analyst with Loomis, Sayles & Company.