What is FIXED-RATE BOND?

A DEBT obligation, such as a domestic BOND, EUROBOND, or GLOBAL BOND, which pays a fixed COUPON on a monthly, quarterly, semiannual, or annual basis. Fixed rate bonds, which carry maturities ranging from one to 30 years, can be issued directly or from MEDIUM-TERM NOTE or EURO MEDIUM-TERM NOTE programs, and may be sold as publicly-placed REGISTERED SECURITIES, BEARER SECURITIES, or PRIVATE PLACEMENTS. See also FLOATING RATE NOTE.

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