![]() The Bond Coupon Rate for each Interest Rate Period while the Bonds bear interest in the SIFMA Index Rate Mode or the MMD Index Rate Mode shall be determined by the Indexing Agent on each Interest Rate Determination Date. ![]() The MMD benchmark will be established by taking the 20 year AA GO MMD Index and adding 30 basis points. Interest shall be calculated on the basis of a 360 day year of twelve 30-day months so long as interest is payable at the MMD Index Rate, Term Rate or the Fixed Interest Rate.Ī benchmark is established by taking the applicable MMD Index and adding 30 basis points.
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