Decision No. 51/2005/QD-BTC stipulates that the interest rate for the third tranche of Government bonds issued in 2005 shall be 8.6% per annum, applicable from August 1, 2005, for investment in important transportation and irrigation projects. State Treasury units shall be responsible for organizing the issuance of these bonds at this interest rate.
Key points
- Issuing authority: Director General of State Treasury
- State Treasury units, related units under and affiliated with the Ministry of Finance, Directors of Provincial Departments of Finance, State Treasuries of provinces and centrally-administered cities
- Interest rate: 8.6% per annum (applicable from August 1, 2005)
- Interest payment date: Once a year when twelve months have passed since the purchase of the bond
- Basis for the Decree: Decree No. 77/2003/NĐ-CP
🌐 Social impact of this document
- Positive impact: Helps to mobilize funds for important transportation and irrigation projects.
- Negative impact: No clear impact on the public/businesses/society.
❓ Frequently asked questions
What is the interest rate for the third tranche of Government bonds issued in 2005?
The interest rate for the third tranche of Government bonds issued in 2005 is 8.6% per annum.
When does this interest rate take effect?
The interest rate of 8.6% per annum takes effect from August 1, 2005.
When is the interest on the bond paid?
Interest on the bond is paid once a year when twelve months have passed since the purchase of the bond.
Which agency is responsible for issuing the bond?
The Director General of State Treasury is responsible for issuing the bond at the prescribed interest rate.
To whom does this decision apply?
This decision applies to State Treasury units, related units under and affiliated with the Ministry of Finance, Directors of Provincial Departments of Finance, State Treasuries of provinces and centrally-administered cities.
Full text
Pursuant to …;
REGARDING THE INTEREST RATE OF THE THIRD ISSUE OF GOVERNMENT BONDS IN 2005 ISSUED DIRECTLY THROUGH STATE TREASURY UNITS issue directly through State Treasury units
THE MINISTER OF FINANCE
Pursuant to Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
WHEREAS, pursuant to Decision No. 182/2003/QD-TTg dated September 5, 2003 of the Prime Minister on the issuance of government bonds for investment in important transportation and irrigation works of the country;
WHEREAS, pursuant to Decision No. 09/2005/QD-BTC dated January 21, 2005 of the Minister of Finance on the issuance of the third issue of government bonds in 2005 for investment in important transportation and irrigation works of the country;
At the proposal of the Director General of the State Treasury,
DECISION:
Article 1. The interest rate for the third issue of government bonds in 2005 issued directly through State Treasury units for investment in important transportation and irrigation works of the country shall be 8.6% per annum from August 1, 2005. Interest payments will be made annually when twelve months have elapsed since the date of purchase.
Article 2. The Director General of the State Treasury shall guide State Treasury units to organize and implement the issuance of government bonds at the above interest rate.
Article 3. This Decision takes effect from the date of signature. The Director General of the State Treasury, heads of relevant units under and affiliated with the Ministry of Finance; Directors of Provincial Departments of Finance, State Treasuries of centrally governed cities and provinces are responsible for implementing this Decision./.
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DEPUTY MINISTER |
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(Signed) |
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Huỳnh Thị Nhân |
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