bonds have essentially a capped upside, and are pretty similar to debt which is vastly different from equity.
Bonds ARE debt.
Bonds are a type of debt.
Also water is wet.
Bonds are “similar to debt” in the same way that oceans are “similar to large bodies of salt water”.
You're totally missing the point of my comment. I'm not a native english speaker so perhaps I didn't get my point across quite clearly - Bonds/Debt are a totally different thing compared to equity (IPO).
thanks for the financial insight
stay savvy hacker news!
No, the government is putting itself on the market.