Pik notes allow the company to skip interest payments and instead enlarge the amount of existing debt .

实物支付债券允许公司可以停止支付利息，并扩大债务规模。

What is a water pik ?

什是水冲器？

A tie-up with one of the world 's largest aluminim suppliers would seem to be a welcome development for the pik note holders , and a smart strategic move for asia aluminum .

与全球最大的铝产品供应商之一合作看来会受到实物支付债券所有者的欢迎，对亚洲铝业而言也属明智的战略举措。

At least by opting for more pik notes , that capitalise interest owing , banks may be able to minimise provisions on interest payments foregone .

至少通过选择更多实物支付票据，即将所欠利息转化为资本，银行或许能够尽可能减少就所放弃利息支付进行的拨备。

Pik toggle notes give the company the option , in a squeeze , to pay lenders with more debt , rather than cash .

发行“实物支付债券”的企业，在财务紧张时期，可以选择向投资者支付债券，而不必支付现金。