The specific date when the original loan must be repaid in full.
The interest rate the issuer agrees to pay periodically. 8 : New Bonds
The primary difference between new bonds and "old" bonds is their sensitivity to interest rate cycles. When interest rates rise , newly issued bonds offer higher coupon rates than those already in circulation. This makes older bonds less attractive, causing their market prices to drop so that their effective yield matches the new market standard. Conversely, if rates fall, new bonds will offer lower interest, making older bonds with higher coupons more valuable. The specific date when the original loan must