TNBiz (TNBiz)
Markets  |  August 26, 2011 06:05:06

LAW: State bonds issued to people already this year the Ministry of Finance

PRAGUE (MEDIAFAX) - After several years of promises and assumptions, the Treasury wants it in the coming months to issue the first-ever issuance of government bonds, which are designed to households. Informs about in Friday's issue of daily Pravo.

Finance Minister Miroslav Kalousek (TOP 09) while assuring that investments in government bonds because interest rates will be attractive to people. Maturity to be one year and five to six years. "I sincerely hope that we will succeed in the last quarter of this year to do a pilot project in the order of ten billion crowns," Kalousek told Pravo.

Forward does not want to talk about how the bonds will bear interest, but suggested that it should be better than some bank savings accounts or term. Income from interest on bonds and deposits subject to the 15 percent tax.At the last auction of six-year state bonds sold to foreign investors with a yield of around three percent per year.

People have already tried a similar product, and the purchase of flood bonds after the devastating floods in 1997. Then after them just zaprášilo, Pravo writes.

Zdenek Michora,

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