Bonds can be issued by national and subnational governments or at the corporate or project levels. Bonds are in essence a form of debt that provides a bond investor with a known return corresponding to the bond issuer’s interest rate over a set time frame (i.e., the issuer’s repayment period). Bonds can be purchased by institutional and private investors. Public entities can also subsidize bonds to lower interest rates for municipal or other public sector entities, thereby reducing the cost of capital.
A POLICY BRIEF ON BONDS
Before you browse our library of published resources via the search link below, consider reading our policy brief about bonds, which is part of a series of briefs intended to inform legislators, decision makers, analysts working for government agencies and utility executives on current good practices and lessons learned.