Characteristics of Sovereign Debt are: Question 7 options: a) It is issued by both federal and provincial (state) governments b) It is issued by a national government and sold to financial market distributors in the primary market. c) The primary offering of Government of Canada bonds are made available to all potential investors. d) Sovereign debt is restricted to marketable bonds that trade actively in the secondary market. e) All Government of Canada long-term bonds are issued with fixed coupons and pay interest on a semi-annual basis.