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The usual format (characteristic) for bonds issues is that they are interest only loans (i.e. borrower pays interest only during life of bond, then repay

The usual format (characteristic) for bonds issues is that they are interest only loans (i.e. borrower pays interest only during life of bond, then repay principal at maturity). amortized loans (i.e. borrowers payments during the life of the bond include interest and principal components).

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