White House Press Release- Type A Bond Sale!

Day 1,078, 06:51 • Published in USA USA • by James S. Brady Press Room

For additional details on these bonds, visit this page on the eUS Forums.

The eUS Department of the Treasury is pleased to announce a new set of eUS Treasury Bonds!
Bonds will be sold for a period of 2 weeks, and sales will close at 23:59 eRepublik time, November 15th 2010.

In this issuance, we will be offering a single type of bon😛 Type A bonds which will cost 1 GOLD each, with a maturation period of 3 months and 5.9% fixed interest.
TYPE A BONDS
• 1 GOLD per bond
• No limit on how many bonds an individual may purchase
• 5.9% Fixed interest rate, payable when bond matures
• Bonds will mature in 3 months minimum, 4 months maximum



To purchase a bond, please donate X amount of gold to purchase X bonds to the following org in-game. Then send a PM to this org confirming your donation.

eUS Bonds

For this issuance, you will not be required to fill out a form indicating you have purchased bonds. Your donation of gold will serve as record of your purchase, and will be recorded.
Additional Bond Conditions:
Repayment will be in USD equivalent of bond value (1.059 gold, so about 52.36 USD at current 0.020 gold/USD peg) unless requested otherwise. If gold repayment is requested, the fixed interest rate will be 4% rather than 5.9%. The gold repayment option MUST be requested through a PM to the above eUS Bonds organization at the time of purchase. The USD equivalent will be paid at whatever the peg price of 0.020 gold/USD, regardless of the market value. Assuming our economy continues to grow, there is potential here for a nice profit. 10 gold in bonds purchased at 0.02 will be worth 12.5 gold + the interest if the peg were to climb to 0.025.

These bonds are officially issued from the eUS Department of the Treasury and the eUS Government and are effective starting today.
President - Colin Lantrip
Vice President - Alexander Hamilton