An exchange offer is a financial transaction where a company offers its bondholders or shareholders the option to exchange their existing securities for new securities, often to adjust terms such as interest rates, maturity dates, or other financial conditions. This can be part of financial restructuring to extend maturities, reduce debt outstanding, or convert debt into equity. In mergers and acquisitions, it involves offering shareholders the chance to exchange their shares for securities, cash, or a combination of both. The mechanism can also be used in various other contexts, including debt settlement, equity restructuring, and even product exchanges where customers can trade in old products for new ones under specific terms and conditions[5).

The minimum down payment for a house varies depending on the type of loan. For conventional loans, the minimum down payment can be as low as 3%. Federal Housing Administration loans require a minimum of 3.5% down payment, while U.S. Department of Veterans Affairs and U.S. Department of Agriculture loans typically have no down payment requirement. Jumbo loans and investment properties often require higher down payments, such as 20% or more. Additionally, if the down payment is less than 20%, borrowers may need to pay private mortgage insurance [4).

Yes, the Yamaha Aerox 155 comes with a self-start feature only.

Yamaha Aerox 155 is one of the quickest scooters in the segment. It is very powerful and aggressive. It is powered by a 155cc engine which makes 15PS. The Aerox 155 rolls on 14-inch tyres sprung on a telescopic fork and twin shock absorbers. With a 790mm seat height and 126kg kerb weight, it is fairly accessible too. Its ground clearance, though, is a bit low at 145mm. For the braking process, the Aerox employs a 230mm disc up front along with a 130mm drum brake at the rear. All these specs make it a great option for long rides and the ergonomics are pretty good as well.