Guatemala Government Issued Bearer Bonds For Sale
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Posted: Friday, November 20, 2009
by Aurelia Masterson
Bond Description – These bonds are issued by the Central Bank of Guatemala, which is the official government bank for the country. They are bearer bonds which means ownership is vested to the person who owns the bonds physically. These are not registered bonds in that they are not in the name of a person or corporation. The person who possesses the Bond physically owns the bond. Ownership can be transferred by merely passing the bonds to the new owner. No reportage of the change of ownership is necessary. These are legally considered negotiable instruments. Some countries require declarations of cash only when crossing borders. A few countries require the declaration of negotiable instruments and this should be taken into account when crossing borders with these bonds if the nations involved require them to be declared. Once again most nations only require declarations of cash not negotiable instruments.
Term – The current series bonds available run until the year 2012. This changes weekly.
Interest – The interest rate is 6.5% per annum. Interest is paid twice per year, two equal installments, paid by the Guatemala Central Bank. The bonds have a payment schedule on the rear of the bearer bond with the date, and amount of interest payment. There is a signature box next to the payment to show the payment was in fact received.
Escrow – The bonds can be purchased through an escrow. The purchaser can be a corporation, foundation, trust, or natural person. The escrow agent will verify authenticity of bonds. The seller of the bonds is a fully licensed commercial bank in Guatemala who will also attest to authenticity. The Central Bank can also be contacted by the escrow holder or other parties to establish authenticity as well. These instruments are guaranteed to be authentic and will pass any and all-due diligence.
Delivery – This can be arranged. It will need to go through an armored transport company and be insured against loss. Buyer will bear the cost of the delivery.
Ownership – The bonds can be held in trust at the bank that will also collect the interest payments twice per year on your behalf. You can take possession of the bonds physically and be responsible for collecting your own interest payments twice per year. You could own the bonds through an International Trust Agreement with the law firm and the law firm could collect the interest payments on your behalf. Other scenarios could of course be created like leaving the bonds in your safe deposit box at a local bank and so forth. Possession of the bonds constitutes ownership.
About Guatemala– This is an excellent opportunity to own a high yield US Dollar instrument backed by a solid democratic government. Guatemala has no history of defaulting on their debt. Guatemala is the largest nation in Central America. The economy is $33,000,000,000. The population is over 14 million people. They have in excess of $10,000,000,000 in gold reserves. The economy of Guatemala is growing 2-3% per quarter. They have agriculture, fishing, award winning coffee, furniture manufacturing, garment manufacturing, flower exporting, manufacture of construction supplies and tourism with over 125 cruise ships stopping there last year. Guatemala has an extremely modern airport with non-stop flights direct to and from Europe, North America, and South America. Tourism attractions are Antigua, Mayan ruins, Lake Attitlan (volcanic lake), Rain Forests, and beaches on Pacific and Caribbean.
About Bearer Bonds – This is a highly desirable instrument that for the most part has been removed from the marketplace. Bearer bonds offer a tremendous degree of anonymity in that nowhere is the owners name associated with the bond. Looking up the bond to see who owns it is impossible.
Questions – Feel free to inquire.
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