Gov’t selling US currency bonds

[Dr.Dudd]

Gov’t selling US currency bonds
Friday, 03 July 2009
The Government will hit the market Friday with a new US currency bond as it tries to raise more than $8 billion for the 2009/2010 budget.

The instrument, which will remain on the market until Monday, will mature in three years and will offer a fixed interest rate of 9% per annum.

And come Monday, another instrument will be placed on the market.

The unlimited two year fixed rate bond will be available to investors until Thursday.

It will mature in July 2011 with a fixed interest rate of 21.625% annually.

[Wahalla]

Re: Gov’t selling US currency bonds

thats a good investment.... I must check out if my stock broker sells em....

[Dr.Dudd]

Re: Gov’t selling US currency bonds

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Wahalla</div><div class="ubbcode-body">thats a good investment.... I must check out if my stock broker sells em.... </div></div> You mean Jamaican broker? since I don't believe that it at least I am sure it will not be available on the international market. international offerings are usually sponsored by a foreign brokerage house, who buys it and then resell it. You can get it from the Jamaican market though. Since they are changing the laws about foreign income tax, you should check that too,to see if it will be taxable,and the rate when it matures or at pay out intervals,and how to avoid or postpone it.