Hi, my government just announced that it will start issuing bonds with a 5 year deadline and interest rate of 3,5% (fixed). So do they pay interest every year for 5 years and then pay back the principal, or do they just pay one interest at the end of the 5 years? I think it should be like every year up to 5 years, because even if I invest like 100k, it doesn’t seem worth it, to just get 3,5k for an 100k investment.

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