SAVINGS BONDS AVAILABLE JUNE 8TH-25TH

Released on April 26, 2002

Series 11 Saskatchewan Savings Bonds (SSBs) will be available for purchase

June 8th - 25th.



"I am pleased to announce the bonds will again be available to Saskatchewan

people, offering a secure investment opportunity within our province at a

competitive rate of return," Finance Minister Eric Cline said. "The

minimum purchase level is set at $100, making the bonds readily affordable

to investors at all income levels."



The savings bonds are fully guaranteed by the province and are available

only to Saskatchewan residents. The interest rate will never drop below

the initial rate, but may go up depending on market conditions. Bonds are

redeemable annually without penalty for the full amount plus interest. The

minimum purchase level is $100 and the maximum purchase level is set at

$200,000 per bondholder.



Series 11 bonds will be available at local credit unions, chartered banks,

trust companies, investment dealers and authorized agents throughout

Saskatchewan. The interest rate for the bonds will be announced closer to

the actual sales period.



Holders of maturing Series 6 SSBs have the option of cashing in their bonds

or reinvesting in Series 11 Bonds. Series 6 Bonds mature July 15th, 2002

and no interest will be earned after this date.



"Saskatchewan Savings Bonds have been a valuable way of reducing our out-of-

province borrowing since they were introduced in 1992," Cline said. "All

interest paid on the bonds stays here at home, in the pockets of

Saskatchewan people."



New or current investors with questions about any series of SSBs are

encouraged to call 1-800-667-4000 or e-mail saskbond@finance.gov.sk.ca .

Or, check out information by clicking on the 'Saskatchewan Savings Bond'

link at www.gov.sk.ca/finance/



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For more information, contact:



Roy Schneider

Saskatchewan Finance

Regina

Phone: (306) 787-8109