Corporations can achieve short term financing through a bills facility, however for long term financing the best method is for them to issue a bond in their own name. The government, whether on a state or provincial1 level issues bonds to finance large construction and development projects. Corporations and many other types of companies issue bonds for expansion, asset purchases, mergers2 and acquisitions, etc. A bond is a promise to repay borrowed money in addition to paying interest on specified3 dates and is issued for a period of more than a year. These interest payments are called coupons5 and are usually paid 百度竞价推广i annually6 or annually? There are many types of bonds, the most common of which are fixed7 rate bonds and floating rate notes （FRNs）. Fixed rate bonds pay a pre-determined coupon4 and FRNs pay coupons at a premium8 above the bank's fixed deposit rate. Bonds that do not pay interest are called zero coupon bonds. This type of bond is rare, as the entire risk to investors9 is concentrated at the maturity10 date where the principal becomes payable11.公司通过汇票获得短期贷款，但要获得长期贷款的话，最好的办法是以他们的名义发行债券。政府，无论是州级或省级政府，通过发行债券为大型建设和进步项目筹筹资金。公司和其他种类的公司发行债券则是为了扩大规模、购置资产、合并和买进等。债券是对在规定日期偿还所借的钱并付利息的承诺，发行期限在一年以上。这类支付的利息叫做息票，一般半年或一年支付一次。债券有多种，最容易见到的有固定利率债券和浮动利率债券（FRN）。固定利率债券支付预决息票，浮动利率债券依据银行存款利率贴水支付息票。不付息的债券叫做零息债券。这种债券极少见，由于投资者的全部风险都集中在债券到期日，即付本金的时候。