Regulatory Alerts1989-03-23
Added · Updated
Directions for Issuance of Savings Bonds by the Central Bank of the Republic of China (Taiwan)
The Central Bank of the Republic of China (Taiwan) may issue savings bonds in five denominations ranging from NT$50,000 to NT$10 million with maturity periods of six months, one year, two years, or three years. Interest rates are determined by the Bank, with semiannual compounding for bonds maturing in one year or longer, and principal and interest paid in full at maturity. The bonds may be issued in registered or bearer forms, with specific rules governing negotiation, pledging, reissue upon loss, and taxation of income.
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