HPP road maintainence

[Chas]

Could someone please explain the terms of "the bond" to me? Yes I know it's on the HPPOA site but I'd just like the details without having to wade through the PDF.

Interest rate, payments, term, prepayment penalty etc.

I find it hard to believe anyone would enter a loan agreement with a prepayment penalty but maybe that's how these things work?

Thanks.