Released on June 7, 1996
Finance Minister Janice MacKinnon announced today that Series V ofSaskatchewan Savings Bonds are set to go on sale from June 24 to
July 6.
"With our budget balanced, our debt being paid down, and our credit
rating rising, there is a new optimism and hope for the future,"
MacKinnon said. "Now is the time to continue building our province for
our families and our children. Saskatchewan Savings Bonds give
Saskatchewan people the opportunity to invest in their province, while
receiving a safe and guaranteed rate of return.
"Every dollar the province raises through savings bonds is a dollar
less that has to be borrowed outside the province. And every dollar of
interest stays at home, right here in Saskatchewan."
Since the creation of Saskatchewan Savings Bonds in 1992, people of the
province have invested more than $1 billion in this popular savings
tool. "This level of investment shows the deep commitment of
Saskatchewan people to their province and to their future."
Saskatchewan Savings Bonds, fully guaranteed by the Province of
Saskatchewan, have a five-year term and are redeemable annually. They
are available in $100 denominations and can be bought through a
convenient instalment purchase plan.
The interest rate for Series V will be announced on June 21.
Series V Saskatchewan Savings Bonds will be available for sale at local
credit unions, chartered banks, trust companies, participating
insurance brokers and other registered dealers.
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For more information, contact:
Ron Podbielski
Director of Communications
Finance
Regina
Phone: (306) 787-6578