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Exact(31)
In principle, firms could issue bonds that pay off when individual workers live longer than expected.
Those are bonds that pay interest unless bank capital levels fall too far.
Recent projects include bonds that pay interest according to education and employment outcomes for underprivileged populations in the United States.
As a territory, it can sell bonds that pay tax-exempt interest in all 50 states, a rare and desirable trait.
Mr. Cannon said he expected that if money did move, it would go into ultrasafe Treasury securities and mortgage-backed bonds that pay at least some interest.
With the Federal Reserve signaling low interest rates into 2014, investors are shunning Treasuries and pushing into riskier bonds that pay higher yields.
Similar(29)
In November 1988, a financial firm working with Trump issued junk bonds that paid 14percentt.
Country Garden, a builder based in the southern city of Guangzhou, raised $750 million in January by selling 10-year bonds that paid 7.5 percent a year.
And in the 1990s, David Bowie issued bonds that paid out a portion of the money made from the sale of his music.
But last month buyers lined up for $500 million in seven-year bonds that paid lower interest than Levi was willing to pay three months before.
He testified at a New Jersey Casino Control Commission hearing that he would never use "junk bonds" that paid 14percentt interest because they were too risky.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com