Based on the expiration dates and the bars on the graph, which answer most accurately describes the term structure $*$ of the Peruvian debt?

They have mostly short$-$term debt, a relatively small amount of intermediate$-$term debt and no long$-$term debt.

They have no short$-$term or intermediate$-$term debt, and a large tranche of very long$-$term $50+$ year debt.

They have no short$-$term debt, a relatively large amount of intermediate$-$term debt and a large tranche of very long$-$term $50+$ year debt.