An Assortment of Brady Flavors
An Assortment of Brady Flavors
Par Bonds
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Registered 30 year bullet amortization issued at par (or at the original face value of the sovereign loan)
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Fixed rate semi-annual below market coupon (relative to interest rate environment at time of issuance)
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Rolling interest guarantees from 12 to 18 months (2 to 3 coupon payments) until maturity
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Generally principal is collateralized by U.S. Treasury zero-coupon bonds