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Why would creditors be willing to swap current bonds for global bonds with a 1 0 - year maturity especially it is currently traded at

Why would creditors be willing to swap current bonds for global bonds with a 10-year maturity especially it is currently traded at about 35 cents per dollar?
What will happen to the firm's net debt to earnings ratio after swap?
Do you think this swap can relieve the risk of collection and help the company in the long run?

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