What is the principal financial liability related to bonds?

The principal financial liability related to bonds is the repayment of the principal amount, often referred to as the face value or par value of the bonds. When a company issues bonds, it borrows money from investors with the agreement to pay back the original amount at maturity. This principal repayment is a critical obligation because it represents the deuda that the issuing entity must fulfill at the bond's maturity date.

While interest payments are associated with bonds, they represent ongoing expenses rather than a principal liability. Bond premiums are additional amounts that investors pay over the face value of the bond, but they are not a direct liability in terms of repayment; rather, they affect how the bond's carrying value is recorded. Regulatory fees do not pertain to the direct financial obligations tied to bond repayments. Thus, the primary financial liability is indeed the principal repayment, as it is the amount that is owed and has to be redeemed to bondholders upon maturity.