DEPARTMENT OF FINANCE Roxas Boulevard Corner Pablo Ocampo, Sr. Street Manila 1004
DOF DEPARTMENT ORDER NO. 6 - 06 07 January 2006
TO
HEADS OF GOVERNMENT-OWNED AND CONTROLLED CORPORATIONS (GOCCs), LOCAL GOVERNMENT UNITS (LGUs), TAX-EXEMPT INSTITUTIONS (TEIs) AND ALL OTHERS CONCERNED
SUBJECT : AMENDMENT TO DOF DEPARTMENT ORDER 141-95 AS AMENDED PROVIDING FOR THE RULES AND REGULATIONS FOR THE ISSUANCE, PLACEMENT, SALE, SERVICE AND REDEMPTION OF TREASURY BILLS AND BONDS
1.0
Purpose
This Department Order is issued to amend certain provisions of DOF Department Order 141-95 as amended, specifically Sections 20 (d) and 24 thereof.
2.0
The following provisions of DOF Department Order 141-95 are hereby modified and/or amended to read as follows:
Section 20.
TEIs Placement -
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(d) Treasury Bonds issued to TEIs shall be priced based on the current market yield. The applicable coupon rate shall be based on the rate corresponding to the auctioned Treasury Bonds.
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Section 24. TransferGOCCs/ LGUs may sell their government securities prior to maturity to any GOCCs/ LGUs maintaining Securities Accounts in the book-entry system of the Bureau of the Treasury or in RoSS or to any accredited Government Securities Eligible Dealers (GSEDs). TEIs may sell their government securities prior to maturity only to other TEIs.
3.0
Effectivity This Department Order shall take effect immediately.
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