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Which of the following is a characteristic of a serial bond issued by a SLG? Principal payments only are due during the life of the
- Which of the following is a characteristic of a serial bond issued by a SLG?
- Principal payments only are due during the life of the bond
- Principal payments are due and paid only at the end of the term of the bond
- Both principal and interest payments are due during the life of the bond
- Principal payments are due every other year; interest must be paid semi-annually
- Unsuccessful attainment of either legal defeasance or in-substance defeasance general government long-term debt in a refunding transaction would result in
- The principal of only the new debt being recorded in the GLTL
- The principal of only the old debt being recorded in the GLTL
- The principal of both the old debt and the new debt being recorded in the GLTL
- Neither the old debt principal nor the new debt principal being recorded in the GLTL
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