A company is considering issuing bonds to finance a project. The project is not expected to generate any income during the development phase, which may last for a few years. Which type of bonds would the company most prefer?

A. Credit-linked coupon bonds
B. Deferred coupon bonds
C. Inverse FRNs

Correct Answer: B

Deferred coupon bonds can delay interest payments when there's no cash inflow from the project.