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Concessionaire Bonds

#1 (permalink)

07-30-2007, 06:04 PM

janem

Junior Member

Join Date: Jul 2007

Posts: 1

Concessionaire Bonds

What good is an original concessionaire bond if the continuation bonds (extension) are released? For example, the original from 1998 is kept, the continuation bonds (1999 - 2006) that have expired are released, and the unexpired bond (2007) is kept.

Would I be able to collect collateral, if needed, using the original bond and the most recent unexpired continuation bond? or is it worthless?

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