Mar 5, 2004 15:48
20 yrs ago
English term
sentence
English to German
Bus/Financial
Accounting
The Company entered into treasury rate locks on $ XXX of five year debt. On November X, 2003, the treasury locks were settled resulting in a gain of $XXX, which will be amortized into interest expense over the term of the debt. **The gain on the treasury locks converts fixed rate cash flows from 6.71% to 6.56 % on $XXX of the new debt.**
Can someone help with the translation, please? Even if you cannot translate it into German an explanation would also be helpful. Concerning the sentence before: why is a gain amortized? Did I miss something here?
Thank you very much.
Can someone help with the translation, please? Even if you cannot translate it into German an explanation would also be helpful. Concerning the sentence before: why is a gain amortized? Did I miss something here?
Thank you very much.