1.   As with bonds, issuers can deduct interest payments on the securities from their taxable income.

2.   As with debt, issuers can deduct payments from their taxes.

3.   Like bonds, though, issuers can deduct payments on the securities from their taxes.

4.   Like debt, issuers can deduct dividend payments from their taxes.

5.   The new practice will also let bonds with the lowest credit ratings qualify as debt, permitting issuers to deduct interest payments from taxes.