11.   But it turned out that in their case the high short term debt became a serious problem.

12.   During the past two sessions, the central bank bought dollars to retire part of its short term debt and boost its international reserves.

13.   However, the rupee market for long term debt is very restricted.

14.   Meanwhile, its short term debts are twice the level of its cash balance.

15.   On the one hand, your manifesto wants to access long term debt from insurance and pension funds.

16.   That would help it convert relatively costly short term debt into cheaper, longer-term debt and give administrators breathing space to revive the economy.

17.   The Central Bank has also been swapping long- and medium-term debt for short term debt in an effort ease tensions.

18.   They had a serious problem of very high dependence on short term debt.

19.   UEM will then refinance the remaining loan into a longer term debt and is looking at exploring a few possibilities, he added.

20.   UEM will then refinance the remaining loan into a longer term debt and is looking at exploring a few possibilities.