Dear
Sirs,
Redemption
of Special US Dollar Bonds
In continuation to our EDMD Circular
No. 4 dated 11-08-2001, it is advised that the Federal Government
has decided to allow option of re-investment for another period
of seven years in addition to three years to the holders of
Special US Dollar Bonds of three years maturity. The notification
dated 22-10-2001 issued by the Government states as under:
“Face value of bonds of three years’
maturity may be reinvested further for a period of three years
or seven years commencing from the date of redemption at a
profit of six months’ LIBOR on the day preceding the
date of payment plus two per cent.”
Finance
Division’s Notification dated 22nd October 2001 in this
regard is enclosed.
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