Decision No. 592 TC/KBNN stipulates that the interest rate for the second year is twenty-one percent (21%) for three-year Treasury bonds issued from June 20, 1994 to June 19, 1995.
Scope of application
Purchasers of Treasury bonds, the Director General of State Treasury, units under the Ministry of Finance, and Directors of State Treasuries in provinces and cities that have issued three-year bonds
Key points
- Purchasers of three-year Treasury bonds → are entitled to an interest rate of twenty-one percent (21%) for the second year → Article 1
- The Director General of State Treasury, units under the Ministry of Finance, and Directors of State Treasuries in provinces and cities that have issued three-year bonds → must implement this decision → Article 2
- The interest rate applicable to the second year of three-year Treasury bonds is twenty-one percent (21%) → remains unchanged throughout the specified period → Article 1
- This Decision takes effect from the date of issuance and applies to bonds issued during a specific time frame → not explicitly stated but inferred from the content of Article 1
- Purchasers of three-year Treasury bonds issued within the specified timeframe → are entitled to a fixed interest rate of twenty-one percent (21%) for the second year → Article 1
🌐 Social impact of this document
- Purchasers of Treasury bonds will benefit from receiving a high fixed interest rate in the second year.
- The State Treasury and related units must comply with regulations on interest rates, ensuring the rights of bond purchasers are protected.
❓ Frequently asked questions
What is the interest rate for the second year of three-year Treasury bonds?
Twenty-one percent (21%) per annum
To which bonds does this Decision apply?
Applies to three-year Treasury bonds issued from June 20, 1994 to June 19, 1995
Who is responsible for implementing this decision?
The Director General of State Treasury, units under the Ministry of Finance, and Directors of State Treasuries in provinces and cities that have issued three-year bonds
When does this Decision take effect?
From the date of issuance (June 10, 1995)
Full text
DECISION
OF THE MINISTER OF FINANCE NUMBER 592TC/KBNN
JUNE 10, 1995 ON THE INTEREST RATE FOR THE SECOND YEAR OF TREASURY BILLS WITH A THREE-YEAR MATURITY PERIOD
THE MINISTER OF FINANCE
- Pursuant to Decree No. 178/CP dated October 28, 1994 of the Government stipulating the tasks, powers and organizational structure of the Ministry of Finance;
- Pursuant to Decree No. 25/CP dated April 5, 1995 of the Government on the tasks, powers and organizational structure of the State Treasury under the Ministry of Finance;
- Pursuant to Decree No. 72/CP dated July 26, 1994 of the Government promulgating regulations on the issuance of government bonds;
Upon the proposal of the Director General of the State Treasury;
DECIDES
Article 1.- Uniformly apply an annual interest rate of 21% for the second year for treasury bills with a three-year maturity period issued from June 20, 1994 to June 19, 1995.
Article 2.- The Director General of the State Treasury, Heads of units under the Ministry of Finance, and Directors of provincial treasuries that have issued three-year maturity treasury bills are responsible for implementing this decision.
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