Which One of the Following Statements Concerning Private Debt Is

Which one of the following statements concerning private debt is correct?

A) It is more expensive to issue private debt than public debt.
B) Private debt often is more restrictive than public debt.
C) It is easier to renegotiate public debt than it is private debt.
D) Private placements have shorter maturity periods than term loans.
E) Private debt tends to have lower interest rates than public debt.