Arrêté ministériel du 9 juin 1951 réglant les conditions d'émission d'une deuxième tranche de l'emprunt autorisé par la loi du 20 juillet 1950.

AI-assisted research summary: This preamble says the ministerial order sets the conditions for issuing a second tranche of a loan authorized by the 20 July 1950 law.

AI-assisted research summary: The State of Luxembourg must issue a second tranche of bearer bonds with a nominal amount of 300,000,000 francs.

AI-assisted research summary: Titles issued under article 1 and coupon sheets are exempt from stamp and registration formalities.

AI-assisted research summary: This article sets the bond repayment timetable and amounts, bars government conversion for the first 10 years, and assigns the Finance Minister roles in appointing commissioners and organizing the draw and amicable buyback.

AI-assisted research summary: Les obligations doivent être accompagnées d’une feuille de coupons d’intérêts annuels.

AI-assisted research summary: Coupon payments due and redemption of the securities are to be made without charge at the Caisse Générale de l'Etat.

AI-assisted research summary: Interest on bonds is exempt from all present and future taxes.

AI-assisted research summary: Payments must be made in cash current in the public coffers of the State in the Grand Duchy.

AI-assisted research summary: Interest stops once the bond becomes repayable, and the bond must be returned with any unmatured interest coupons. Missing later coupons or coupons wrongly paid after redemption are deducted from the bond’s principal.

AI-assisted research summary: The loan’s obligations may be issued as nominative certificates under the cited royal grand-ducal decrees.

AI-assisted research summary: The Minister of Finance must take the necessary steps to obtain admission of the loan securities to the official listing of the Luxembourg stock exchange.

AI-assisted research summary: The issue price is set at 99% of nominal value, the public subscription runs from 10 July 1951 to 10 August 1951, subscriptions are received by the State Treasury Cashier, and the bonds may also be transferred or given in option.

AI-assisted research summary: The bond issue price must be paid in cash or in 3-, 6-, or 9-month Treasury bills at 100% of nominal value, and the bonds are delivered when the subscription is settled.

AI-assisted research summary: Bond subscribers must pay the issue price in full when they subscribe. The Minister of Finance may grant a payment delay on written request, but it cannot exceed six months. If settlement happens after 15 July, the subscription price is increased by accrued interest until payment.

AI-assisted research summary: Treasury bonds used to pay for a subscription entitle the holder to the same nominal amount of bonds from this loan, and accrued interest must be paid in cash when the subscription is deposited.

AI-assisted research summary: Approved establishments may be allocated a placement commission, and the Minister of Finance sets its rate.

AI-assisted research summary: The bondholder may ask to redeem the bonds at the issue price if the redemption proceeds are used to pay the ordinary wealth tax.

AI-assisted research summary: This article states that the order will be inserted into the Mémorial.