The bonds pay an interest rate of 7.5 percent twice a year.

In effect, the bonds would pay for themselves until construction began.

The town said it would sell bonds to pay for the rest.

Also to be offered are $500 million in 12-year bonds paying 15.5 percent.

In essence, the bonds would have paid for themselves until they were used, under the plan.

It had seemed a good deal, for the bonds were paying interest rates of 100 percent or more.

At the time, long-term bonds were paying more than 6 percent.

That bond will pay interest at the stock's current dividend rate.

As a result, the bonds pay a higher return, but are considered riskier.

These bonds would pay three percent interest and mature in thirty years.