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Bank Negara Malaysia will
issue a syariah-based Merdeka 2008 Savings Bond valued at RM2bil on April 1
to encourage the saving habit among senior citizens.
Sale of the bonds, which
mature in three years and offer a return of 5% per annum, will be from March
3 to 31.
The minimum investment in the bonds is RM1,000 and the maximum RM50,000 per
investor, said the central bank in a statement yesterday. The bonds are
available at all commercial banks, including Bank Islam, Bank Kerjasama
Rakyat (M) Berhad, Bank Simpanan Nasional dan Bank Pertanian Malaysia.
Allocation will be on a first-come, first-served basis.
Further information can be
obtained through TELELINK Bank Negara Malaysia at 1300 88 5465.
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