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|English to Spanish translations [PRO]|
|English term or phrase: STEP-UPS/DOWNS|
|Bullets and fixed-rate callables predominate, but the OF can effectively issue floaters, step-ups/downs, zeros, and others|
|Spanish translation:Bono / obligación >>>|
Step-Down : Bono con cupón decreciente en el tiempo.
Step-Up: Bono con cupón creciente.
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