Slovak News - Jan 96 - Debenture Bonds Instead Of Securities From Voucher Privat

At the beginning of the 1996 year the National Property Fund issued debenture bonds in amount of
33.3 billion Sk for 3.33 millions citizens who were registered in the voucher book in 1994.

Debenture bonds were credited to the accounts of proprietors in the Center of Securities and its yearly yield is the same as the current discount rate of the National Bank of Slovakia.

The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.

For further information contact Richard Fletcher, Arthur Andersen, Prague, Tel +42 2 2440 1300, or enter a text search 'Arthur Andersen' and 'Business Monitor'.