A serial bond repayment plan involves a

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A serial bond repayment plan involves retiring the debt over the life of the issue by making a series of instalments. This means that the issuer will make regular payments to gradually pay off the bond's principal amount over time. This is usually done in equal annual or semi-annual instalments, with larger payments towards the end of the bond's life. This results in a more manageable payment schedule for the issuer and reduces the risk of default.

A Serial Bond Repayment Plan Involves a