How does the repayment of government bonds work?

The repayment of government bonds involves the issuer, typically a government, paying back the bondholders the principal amount (face value) of the bond upon maturity. In addition to the principal, bondholders receive periodic interest payments, known as coupon payments, throughout the life of the bond. These payments are made at predetermined intervals, usually semi-annually or annually. Upon maturity, the government redeems the bonds by paying back the principal, concluding the bond's financial obligation.