Rev. Rul. 54-212

An agreement which merely reduces in amount the quarter-annual installments due on a consolidated bond, but which does not affect the principal amount of the obligation, does not effect such a material change in the obligation as to create a new issue subject to original issue tax under sections 1800 and 1801 of the Internal Revenue Code. Cf. Rev. Rul. 54-60, page 241, this Bulletin.