61.   Popular with some investors because they are partially backed by U.S. Treasury bonds, the Brady bonds have the additional advantage of being easy to buy and sell.

62.   Since investors who only own the bonds have to wait almost a year before their interest rates are adjusted higher, the swaps can mean a welcome improvement.

63.   So far, the bonds have a mixed record in the secondary market.

64.   Some bonds have sinking-fund provisions, under which the borrower intends to redeem a specified part of an issue each year.

65.   Some investors say bank bonds have nowhere to go but down after outperforming all other types of corporate debt last year.

66.   Some investors worry that all those new bonds will have to be sold at a discount.

67.   That bond has a lot to do with their being fellow adventurers who share a fear of commitment.

68.   That means bonds may have more room to rally, investors said.

69.   The bonds have yet to be sold.

70.   The bond has more liquidity because it is part of an earlier issue.