マーケット
オルタナ四半期レポート:逆風と追い風 — 今後の展開を見据えて借り手が利息を現金で支払う代わりに、その利息を借入残高に組み入れて支払いを繰り延べる仕組み。
PIKトグル・ノートまたはPIKトグル・ローンとも呼ばれ、借り手は利息を現金で支払うか、PIK方式で支払うかを選択できる場合がある。
PIKは、貸し手が追加的なリスクを負うことへの対価として、通常のローンより高い金利が設定されるのが一般的である。
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