Arrêté du 11 mars 1931 concernant une nouvelle émission d'obligations foncières et d'obligations communales par le Crédit foncier de l'Etat. | http://data.legilux.public.lu/eli/etat/leg/a/1931/03/11/n1/jo — Luxembourg law | Esheria

Arrêté du 11 mars 1931 concernant une nouvelle émission d'obligations foncières et d'obligations communales par le Crédit foncier de l'Etat.

This preamble introduces an order about a new issue of mortgage bonds and municipal bonds by the Crédit foncier de l'Etat.

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Jurisdiction
Luxembourg
Instrument
Decision
Citation
http://data.legilux.public.lu/eli/etat/leg/a/1931/03/11/n1/jo
Status
In force
Version
Undated source snapshot
Language
fr
Updated
Official source
View official record ↗
bond issuance bond redemption bonds coupon tax debt securities early redemption interest

Statute overview

About this statute

This preamble introduces an order about a new issue of mortgage bonds and municipal bonds by the Crédit foncier de l'Etat. The Crédit foncier must issue two bond offerings, each with a nominal amount of 75 million francs. The bonds must be signed by two named officials and carry the supervisory commissioner’s visa; the signatures and visa may be applied by stamp. Bearer bonds are to be issued in one or more tranches, at par, in specified denominations, carry 5% annual interest, and the coupons are exempt from coupon tax. The provision sets when certain obligations are withdrawn: 15 years for foncières obligations and 25 years for communal obligations, by a drawing held in March. Le Crédit foncier may repay the circulating securities early, but only after giving three months’ notice published in the Mémorial.

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