
{"id":13366,"date":"2026-05-08T10:20:55","date_gmt":"2026-05-08T10:20:55","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=13366"},"modified":"2026-05-08T12:04:41","modified_gmt":"2026-05-08T12:04:41","slug":"how-to-read-the-term-sheet","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/","title":{"rendered":"How to read the term sheet: 5 Red Flags Every Retail Investor Must Check"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">When you invest in a bond, you look at the yield, check the credit rating, and then decide whether to go ahead. That process makes sense. But there&#8217;s one document most investors skip: the <strong>term sheet<\/strong>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A <strong>bond term sheet<\/strong> is a summary of all the key terms of a bond. It tells you exactly how the bond works, when you get paid, what happens if the issuer wants to repay early and what your rights are if something goes wrong. Some of these terms can change your actual returns in ways you may not expect.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are five things to check in a term sheet before you invest.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/#Red_Flag_1_A_Call_Option_in_the_Redemption_Section\" >Red Flag 1: A Call Option in the Redemption Section<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/#How_reinvestment_risk_affects_your_returns\" >How reinvestment risk affects your returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/#Red_Flag_2_YTM_Is_Shown_But_YTC_Is_Not\" >Red Flag 2: YTM Is Shown, But YTC Is Not<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/#Red_Flag_3_%E2%80%9CSecured%E2%80%9D_Without_the_Details\" >Red Flag 3: &#8220;Secured&#8221; Without the Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/#Red_Flag_4_The_Credit_Rating_Does_Not_Tell_You_About_the_Sector\" >Red Flag 4: The Credit Rating Does Not Tell You About the Sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/#Red_Flag_5_Listed_on_an_Exchange_Does_Not_Always_Mean_You_Can_Sell_It\" >Red Flag 5: Listed on an Exchange Does Not Always Mean You Can Sell It<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/#5_Things_to_Check_in_a_Bond_Term_Sheet_Before_You_Invest\" >5 Things to Check in a Bond Term Sheet Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/#FAQs_on_Bond_Term_Sheets\" >FAQs on Bond Term Sheets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/how-to-read-the-term-sheet\/#Invest_in_bonds_and_earn_9-12_fixed_returns\" >Invest in bonds and earn 9-12% fixed returns<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Red_Flag_1_A_Call_Option_in_the_Redemption_Section\"><\/span><b>Red Flag 1: A Call Option in the Redemption Section<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When you buy a bond, you expect the issuer to repay your money on the maturity date. But some bonds include a call option, which gives the issuer the right to repay your principal early, before the bond matures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Look for phrases like &#8220;call date,&#8221; &#8220;callable at par,&#8221; or &#8220;issuer&#8217;s right to redeem.&#8221; If these appear in the term sheet, the company can return your money whenever it suits them, usually when interest rates in the market have fallen.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_reinvestment_risk_affects_your_returns\"><\/span><b><\/b><b>How reinvestment risk affects your returns<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Say you invest in a bond at 9.5% for seven years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Two years later, interest rates fall to 7%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The issuer calls the bond and returns your principal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, you have to reinvest that money at 7% instead of 9.5%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So instead of earning 9.5% for seven years, you earned it for only two years, and the rest at a lower rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is called <\/span><b>reinvestment risk.<\/b><\/p>\n<h3><b><br \/>\n<\/b><b>Call option details to verify in the term sheet<\/b><b><br \/>\n<\/b><b><\/b><\/h3>\n<div id=\"attachment_13368\" style=\"width: 745px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-13368\" class=\"wp-image-13368\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094744\/term_sheet_questions-300x109.jpeg\" alt=\"Call option \" width=\"735\" height=\"267\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094744\/term_sheet_questions-300x109.jpeg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094744\/term_sheet_questions-1024x374.jpeg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094744\/term_sheet_questions-768x280.jpeg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094744\/term_sheet_questions.jpeg 1146w\" sizes=\"(max-width: 735px) 100vw, 735px\" \/><p id=\"caption-attachment-13368\" class=\"wp-caption-text\">Call option<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Red_Flag_2_YTM_Is_Shown_But_YTC_Is_Not\"><\/span><b>Red Flag 2: YTM Is Shown, But YTC Is Not<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Most platforms show you the <\/span><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-yield-to-maturity\/\"><b>Yield to Maturity (YTM)<\/b><\/a><span style=\"font-weight: 400;\"> of a bond. This is the return you earn if the bond runs till its final maturity date. It&#8217;s the most commonly advertised number because it tends to be the higher figure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But if the bond has a call option, there is another number you should ask for.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<h3><b>Yield to Maturity vs Yield to Call: Key differences<\/b><\/h3>\n<div id=\"attachment_13367\" style=\"width: 737px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-13367\" class=\" wp-image-13367\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094743\/ytm_vs_ytc-300x139.jpeg\" alt=\"Yield to Maturity \" width=\"727\" height=\"337\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094743\/ytm_vs_ytc-300x139.jpeg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094743\/ytm_vs_ytc-1024x474.jpeg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094743\/ytm_vs_ytc-768x356.jpeg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094743\/ytm_vs_ytc.jpeg 1174w\" sizes=\"(max-width: 727px) 100vw, 727px\" \/><p id=\"caption-attachment-13367\" class=\"wp-caption-text\">Yield to Maturity<\/p><\/div>\n<p><span style=\"font-weight: 400;\">If the issuer is likely to call the bond early, YTC is the more realistic number to plan around. The term sheet won&#8217;t always highlight this. You may need to ask your broker for it directly, or calculate it using the call date and call price.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Red_Flag_3_%E2%80%9CSecured%E2%80%9D_Without_the_Details\"><\/span><b>Red Flag 3: &#8220;Secured&#8221; Without the Details<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Term sheets describe bonds as either secured or unsecured. A secured bond is backed by a specific asset like property, receivables, or equipment. An unsecured bond, also called a debenture, relies only on the issuer&#8217;s general ability to repay.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the term sheet says &#8220;secured,&#8221; don&#8217;t stop reading there. You need to check what kind of charge the bond carries.<\/span><\/p>\n<h3><b>Bond charge types and their impact on recovery<\/b><\/h3>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td><b>Type of Charge<\/b><\/td>\n<td><b>What it means for you<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">First charge<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Your claim on the asset comes before other creditors<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Second charge<\/span><\/td>\n<td><span style=\"font-weight: 400;\">At least one other lender gets paid before you<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Pari passu<\/span><\/td>\n<td><span style=\"font-weight: 400;\">You share recovery equally with other bondholders in the same class<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">Why does this matter? If the issuer defaults, the type of charge determines how much of your money you can recover. A first-charge bondholder and an unsecured bondholder in the same company can end up with very different outcomes. The credit rating alone won&#8217;t tell you this. The security section of the term sheet will.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Red_Flag_4_The_Credit_Rating_Does_Not_Tell_You_About_the_Sector\"><\/span><b>Red Flag 4: The Credit Rating Does Not Tell You About the Sector<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Credit ratings from agencies like CRISIL, ICRA, CARE, and India Ratings show the likelihood of the issuer repaying its debt. They are based on the company&#8217;s financials at the time of the review.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What ratings don&#8217;t automatically tell you is how the issuer&#8217;s industry is doing.<\/span><\/p>\n<h3><b>Credit rating scope: what it measures and what it misses<\/b><\/h3>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td><b>What ratings tell you<\/b><\/td>\n<td><b>What ratings don&#8217;t tell you<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Issuer&#8217;s financial strength at the time of review<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Whether the issuer&#8217;s sector is under stress<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Historical repayment track record<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Whether industry conditions are worsening<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Debt levels and cash flow quality<\/span><\/td>\n<td><span style=\"font-weight: 400;\">How long before a downgrade reflects ground reality<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">A company rated AA in a stable, predictable business is a different kind of investment from a company rated AA in an industry going through stress. Ratings take time to catch up with changing conditions. By the time a downgrade officially comes out, bond prices in the secondary market have often already fallen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So when you read a term sheet, also look at what business the issuer is in. Ask yourself: does this company earn money in a stable, predictable way, or does its income depend on market conditions or raising fresh capital?<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Red_Flag_5_Listed_on_an_Exchange_Does_Not_Always_Mean_You_Can_Sell_It\"><\/span><b>Red Flag 5: Listed on an Exchange Does Not Always Mean You Can Sell It<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Many <a href=\"https:\/\/goldenpi.com\/corporate-bonds\">corporate bond<\/a> term sheets mention that the bond is listed on the BSE or NSE. Being listed means the bond can be bought and sold on the exchange. It does not mean buyers are always available when you want to sell.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<h3><b>Secondary market liquidity for corporate bonds in India<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The secondary market for corporate bonds in India is relatively thin<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Many institutional investors buy bonds at issuance and hold them to maturity<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After listing, trading activity on a lot of these bonds is very low<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Some bonds have a specific lock-in period of up to 12 months, during which you cannot sell at all<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you need to exit before maturity, you may find very few buyers, and those available may offer a lower price than you expected. Check the &#8220;Transferability&#8221; or &#8220;Listing and Trading&#8221; section of the term sheet for lock-in conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For <a href=\"https:\/\/goldenpi.com\/investment-options\/list-view\">bonds rated below AA,<\/a> or from sectors under stress, plan as if the money will stay locked in for the full tenure.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Things_to_Check_in_a_Bond_Term_Sheet_Before_You_Invest\"><\/span><b>5 Things to Check in a Bond Term Sheet Before You Invest<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Before putting money into any bond, use the term sheet to answer these questions:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<div id=\"attachment_13369\" style=\"width: 725px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-13369\" class=\"wp-image-13369\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094746\/call_option_checklist-300x175.jpeg\" alt=\"Things to check before invest in Bond Term Sheet\" width=\"715\" height=\"417\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094746\/call_option_checklist-300x175.jpeg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094746\/call_option_checklist-1024x598.jpeg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094746\/call_option_checklist-768x449.jpeg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08094746\/call_option_checklist.jpeg 1164w\" sizes=\"(max-width: 715px) 100vw, 715px\" \/><p id=\"caption-attachment-13369\" class=\"wp-caption-text\">Things to check before invest in Bond Term Sheet<\/p><\/div>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">The term sheet is not a formality. It is the actual contract between you and the issuer. Taking 15 minutes to read it before investing is one of the simplest ways to make a more informed decision.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Bond_Term_Sheets\"><\/span><b>FAQs on Bond Term Sheets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><b>Q1. What is a bond term sheet?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A: A bond term sheet is a document that summarises the key terms of a bond, including the interest rate, maturity date, call options, security details, and payment structure. It gives you the important details of what you are investing in before you commit your money.<\/span><\/p>\n<h3><b>Q2. What is the difference between YTM and YTC?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A: The primary difference between YTM and YTC is what each measures. Yield to Maturity (YTM) is the return you earn if you hold the bond till its final maturity date. Yield to Call (YTC) is the return you earn if the issuer calls the bond early. On callable bonds, YTC is usually lower than YTM and is the more realistic return to plan around.<\/span><\/p>\n<h3><b>Q3. How do I know if a bond is a first charge or a second charge?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A: Look for the &#8220;Security&#8221; section in the term sheet. It will tell you the type of charge and what asset backs the bond. If it says &#8220;second charge&#8221; or &#8220;pari passu with existing lenders,&#8221; at least one other lender is ahead of you in the repayment queue.<\/span><\/p>\n<h3><b>Q4. Can a bond be called even when interest rates have not fallen?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A: Yes. Issuers can call a bond for reasons beyond interest rate changes, including refinancing decisions or changes in their capital structure. The term sheet will specify when and under what conditions the issuer can exercise the call option.<\/span><\/p>\n<h3><b>Q5. If a bond is listed on BSE or NSE, can I sell it at any time?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A: Listing means the bond is eligible for trading on that exchange. But it does not guarantee buyers will be available at a fair price. Many listed corporate bonds have low trading volumes. Before investing, check whether the bond trades regularly if you think you may need to exit before maturity.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Disclaimer: <\/span><\/i><i><span style=\"font-weight: 400;\">Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities, municipal debt securities\/securitised debt instruments are subject to credit risks, market risks and default risks including delay and\/or default in payment. Read all the offer related documents carefully.<\/span><\/i><\/p>\n<p><strong><!-- wp:html -->\n<div class=\"gp-premium-gold-banner\" style=\"background-color: #000000; background: linear-gradient(135deg, #000000 0%, #1a1a1a 100%); border-radius: 12px; padding: 18px 20px 8px 20px; margin: 30px auto 5px auto; color: #ffffff; font-family: 'Nunito Sans', sans-serif; box-sizing: border-box; width: 100%; max-width: 750px; overflow: hidden; position: relative; border: 1px solid #333;\">\n    \n    <div style=\"z-index: 2; position: relative; margin-bottom: 12px; padding-left: 10px;\">\n        <h2 style=\"color: #d4af37 !important; font-family: 'Nunito Sans', sans-serif !important; font-size: 22px !important; font-weight: 700 !important; margin: 0 0 4px 0 !important; line-height: 1.2 !important; border: none !important; text-transform: none !important; letter-spacing: 0.5px;\"><span class=\"ez-toc-section\" id=\"Invest_in_bonds_and_earn_9-12_fixed_returns\"><\/span>\n            Invest in bonds and earn 9-12% fixed returns\n        <span class=\"ez-toc-section-end\"><\/span><\/h2>\n        <p style=\"color: #b5b5b5 !important; 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