Question
Purpose of Issue This Bond is intended to assist in financing the fiscal year 2015-2016 Budget. The Government is also mindful of its role in
Purpose of Issue
This Bond is intended to assist in financing the fiscal year 2015-2016 Budget. The Government is also mindful of its role in the development of the local capital market and, in particular, the development of the Government Bond market. To this end, it continues to provide securities that will cater to the needs of all investors. These Bonds are eligible for inclusion in the Statutory Fund of Insurance Companies and will be considered as assets in and originating in Trinidad and Tobago within the meaning of sections 46 (1) and 186 (1) and 186(3) respectively of the Insurance Act, 1980 Chap. 84:01 and will also be accepted without limit for appropriate deposit purposes in accordance with section 29 of the Insurance Act. 3. Date of Issue The date of issue of this Bond.
write a brief synopsis on the purpose of this bond issue
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