A bond maturing in 25 years for $1,000 would only cost about $260 today.

After that, the system would pay the interest until the bonds matured.

The bonds, as envisioned, would mature in 10 to 15 years.

Instead, he said, more of the bonds maturing in later years would probably be exchanged.

Note that in this example, the bonds all mature on February 15, the middle of the first quarter.

When the bonds mature, holders will be owed $770 million.

When the bonds mature, investors can use the proceeds for any purpose.

The bonds mature in three months, six months or one year.

Principal, plus interest, is returned in full when the bond matures.

The city's bonds now mature, on average, in about 20 years and carry an interest rate of about 8 percent.