Each Brady transaction is unique. Just as the amount of forgiveness varies from transaction to transaction, the types of bonds issued differs as well. Below we have listed the most common types of bonds issued. Generally principal is collateralized by U.S. Treasury zero-coupon bonds. Bearer 15 to 20 year semi-annual bond.
Bond has amortization feature in which a set proportion of bonds are redeemed semi-annually.
Rolling interest guarantees generally of 12 months available only during the first 5 or 6 years. Bearer bonds maturing between 15-20 years. Bond has amortization feature in which a set proportion of bonds are redeemed semi-annually. Bonds issued at par. Bearer bonds maturing between 15-20 years.