A Mount Vema Government Bond (MVG-Bond) is a marketable, fixed-interest debt security issued by His Mount Vema Majesty’s Government with a 10 years maturity. Mount Vema Government bonds make interest payments semi-annually, and the income received is tax free.
This type of bond has the longest maturity and is issued quarterly. The first ten year bond was first issued back in 2007. They have a coupon payment every six months like MVG-Notes, and are commonly issued with maturity of ten years only, to meet demand mainly from pension funds and large, long-term institutional investors.
Methods of Purchase
MVG-Bonds can be purchased by various types of entities, such as trusts, estates, partnerships, including individuals, organizations, and corporate investors through a broker or financial institution. Institutions may establish a MVGMS Account to bid for Government securities directly at auction.
MVG-Bonds are auctioned Quarterly August, December, and April, some with the same dates as reopenings. Reopened securities have the same maturity date, coupon interest rate, and interest payment dates as the original security, but has a different issue date and usually a different price.
Regulatory Body The Mount Vema Securities and Exchange Council (MVSEC) is the regulatory body charged with overseeing the activities of the Gollexi. An agency with the mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
Remember that trading in the stock market can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
