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1995年国债发行已拉开序幕。经过去一年国债的火爆行情后,国债作为“金边债券”的优点逐步得到人们的认识,金融专家们预计1995年仍是国债唱主角的“国债年”。对于大多数农村家庭来说,购买国债也是一条投资好途径。首先,国债即国库券(指现货,下同)收益率高。国债票面利率一般要高于同期储蓄利率一定的百分点,比如1993年3年期和5年期国债经过调整后的利率分别为13.96%和15.86%,分别高于银行同期储蓄利率1.72和2个百分点,况且同样享受保值贴补。国务院曾规定,除国债以外债券利率不得高于同期国库券利率,也就是国债利率还高于同期企业债券的利率,
1995 bond issue has kicked off. After going to the hot market of treasury bonds for one year, the government bonds have gradually gained people’s understanding as the merit of “the bonds of Phnom Penh.” Financial experts expect that in 1995, they will still be the “national bonds year” in which the national debt will play the leading role. For most rural households, buying national debt is also a good way to invest. First of all, treasury bonds that Treasury bills (referring to the spot, the same below) high yield. The nominal interest rates of government bonds are generally higher than the savings interest rates of the same period. For example, the adjusted interest rates of the 3-year and 5-year bonds in 1993 were 13.96% and 15.86% respectively, higher than the savings rates of 1.72 and 2 percentage points respectively Moreover, the same enjoy hedge subsidies. The State Council once stipulated that the interest rate of bonds other than national debt should not be higher than the interest rate of treasury bonds of the same period, that is, the interest rate of treasury bonds is still higher than that of the corporate bonds of the same period,