SBB - comment

Getting your short-term bank liabilities wrong is embarrassing but is plausible in a chaotic time for SBB. Additionally, banks will want to hold SBB's feet to the fire in the quantum of debt they are extending. Either way, whether the short-term liability is SEK5.8bn or SEK3bn, SBB needs its banks to roll their debt and allow proceeds from asset sales to pay maturing SUNs.

https://www.ft.com/content/bec77229-9057-45d4-8ea9-b5516fc885c1 (Subscription required)

Aengus McMahonSBB