Mediafax (Mediafax)
Bonds  |  November 09, 2012 14:31:35

Ministry of Finance due to popular demand prematurely ordering savings bonds


PRAGUE (MEDIAFAX) - Option orders savings bonds will end prematurely due to popular demand was the 12th November. Ministry of Finance, according to his statement on Friday afternoon registered a booking savings government bonds with a nominal value of 22.3 billion crowns.

"Due to overwhelming demand and fulfillment of goals that we set in the range of 10 to 20 billion, we will have to prematurely terminate the subscription period," said Finance Minister Miroslav Kalousek (TOP 09).

Orders must be paid within five working days from the end of the subscription period. Crediting the accounts of owners of bonds will take place on 12th December 2012. For more information about the Christmas issue published by the Ministry after the deadline for payment of orders.

Ordering savings government bonds was possible to nearly 1,400 branches of their distributors only since Monday. Place less than a month the chance of ordering shortened to just one week.

A new autumn issue of government savings bonds was to purchase two types of decorative certificates. These are bonds "gift" that the donee receives from the owner and "honorary certificate issue" - a decorative certificate of ownership savings government bonds.

On the remains stayed and four older types of bonds. It is a short-term discounted, coupon five-year, five-year and seven-year reinvestment downside. A new, three-year bond offers the same amount of interest every year and the end of the third summer yield premium for holding to maturity.


Jan Soukup, soukupj@mediafax.cz

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