That being said, the fixed-rate bond, although a conservative investment, is highly susceptible to a loss in value due to inflation.
City of Detroit, $105 million of water revenue and fixed-rate bonds.
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Two, the fixed-rate bonds will partially protect Mexico from the vagaries of volatile interest rates.
Mitsubishi Estate was the last company to sell fixed-rate bonds.
The bonds will be converted to fixed-rate bonds on June 1.
But the ratings for the fixed-rate, tax-exempt bonds carry qualifications.
United National Bank has cut the rate on a selection of its fixed-rate bonds by 0.25pc.
And its three-year fixed-rate bond is now paying 4pc, putting it equal with the best on the market.