Characteristics of straight fixed-rate bond

State the characteristics of the straight fixed-rate bond market instrument.

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Straight fixed-rate bond issues have a designated maturity date at which the principal of bond issue is to be repaid.  Through the life of bond, fixed coupon payments which are some percentage rate of the face value are paid as interest to bondholders.  This is the major international bond type.  Straight fixed-rate Eurobonds are typically bearer bonds and pay coupon interest annually.

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