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Ottawa, October 30, 1996
1996-079
Canada Savings Bond Sales Period Ends Friday
Finance Minister Paul Martin announced today that the 1996 Series of Canada Savings Bonds (Series 51) will be withdrawn from sale at the close of business on Friday, November 1, 1996.
For the Payroll Savings Plan, bulk applications will continue to be accepted until Friday, November 15, 1996.
The 1996 Series features guaranteed minimum annual interest rates for 10 years. The first year rate is 3.00 per cent and the rate will increase to 8.75 per cent in the tenth year. The annual compound rate of return over 10 years for a Compound Interest Bond based on the minimum guaranteed rates will be 6.21 per cent.
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For further information:
Media Relations
(613) 943-1299
(613) 995-8449
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| Last Updated: 2004-03-21 |
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