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FYI:
The tax on this investment is 25%, which leaves you with a real interest rate of 12.94%. 12.94% does not even cover inflation & the expected loss in value of the JA$ at maturity on June 2, 2011.
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Please view below the Term Sheet for the Fixed Rate 17. 25% Investment Debenture 2011 - Series “ Cc”,
Tenure 18 months; Maturity June 02, 2011
Applications must be for a minimum of JA$1,000.00 and multiples of JA$1,000.00. To finance the Government’s budgetary requirements
Subscription Period: December 02 – December 04, 2009
Maturity: June 02, 2011
Interest Rate: Fixed at 17.25% p.a.
Principal will be repaid at maturity on June 02, 2011.
The Government reserves the right to redeem the Investment Debenture, either in part or in whole, by drawings or otherwise, before the final redemption date, subject to two (2) months’ notice.
The tax on this investment is 25%, which leaves you with a real interest rate of 12.94%. 12.94% does not even cover inflation & the expected loss in value of the JA$ at maturity on June 2, 2011.
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Please view below the Term Sheet for the Fixed Rate 17. 25% Investment Debenture 2011 - Series “ Cc”,
Tenure 18 months; Maturity June 02, 2011
Applications must be for a minimum of JA$1,000.00 and multiples of JA$1,000.00. To finance the Government’s budgetary requirements
Subscription Period: December 02 – December 04, 2009
Maturity: June 02, 2011
Interest Rate: Fixed at 17.25% p.a.
Principal will be repaid at maturity on June 02, 2011.
The Government reserves the right to redeem the Investment Debenture, either in part or in whole, by drawings or otherwise, before the final redemption date, subject to two (2) months’ notice.
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