Bonds having longer maturity on original loans than promised payments are classified as

A. developed bonds

B. developing bonds

C. Brady bonds

D. swapped bonds

Answer: Option C

Solution(By Examveda Team)

Bonds having longer maturity on original loans than promised payments are classified as Brady bonds. Brady bonds are bonds that are issued by the governments of developing countries. Brady bonds are some of the most liquid emerging market securities. The bonds are named after former U.S. Treasury Secretary Nicholas Brady, who sponsored the effort to restructure emerging market debt.