The present invention relates to a method, software program, and system for offering debt. More particularly, in one embodiment a method for offering a predetermined amount of debt is provided, comprising: dividing the debt into a plurality of debt elements, wherein each of the debt elements has associated therewith at least one of a maturity amount, a maturity date, and a yield; and periodically offering at least one of the debt elements for sale into a primary market; wherein at least one of the maturity amount, the maturity date, and the yield associated with each of the debt elements is based on a demand for the debt element at the time that the debt element is offered.