Socialist Commonwealth
Establishing Nation
Commissariate for Economic Planning
Office for Foreign Trade
The Workers' Republic of Carentania seeks to sell state bonds, totalling a value of 10.000.000.000 €M (in words: ten billion Euromark) with a runtime of 6 months. These bonds will be sold in an orderly auction, whereas private buyers from any part of Europe may place an offer within the next four days. Of all offers, those with the lowest interest rate will win the auctioning. Carentania intends to repay the loans in Danziger Thalers.
Due to its unique non-monetary economic system, confusion sometimes arises about the ability of the Workers' Republic to meet its obligations. To answer such questions from the beginning, we wish to inform you that Carentania trades extensively with the capitalist world and that the country is a net exporter that has earned steady surpluses in its trade balance in the past years. All our obligations in the past decades have been met satisfactory and the Workers' Republic of Carentania has not defaulted on debts once. Especially in the troubled times we're living in, Carentanian state bonds remain a safe investment for investors throughout the capitalist world.
Currently, Danziger Thalers a subject to an average of 5% inflation per year, whereas the National Bank of Danzig maintains an interest rate of 3% on loans. We have added this information on the currency we intend to trade our bonds in, to help interested investors with their bids.
OOC: I hope this idea works. Basically, I want your investors/banks/companies or even states to offer me any sum out of the 10 billion for any interest rate you demand. As it's an auction, the best offers get the deal. This WILL have an impact on RP over the next six months as I will take note who exactly bought the bonds and RP accordingly.
Office for Foreign Trade
The Workers' Republic of Carentania seeks to sell state bonds, totalling a value of 10.000.000.000 €M (in words: ten billion Euromark) with a runtime of 6 months. These bonds will be sold in an orderly auction, whereas private buyers from any part of Europe may place an offer within the next four days. Of all offers, those with the lowest interest rate will win the auctioning. Carentania intends to repay the loans in Danziger Thalers.
Due to its unique non-monetary economic system, confusion sometimes arises about the ability of the Workers' Republic to meet its obligations. To answer such questions from the beginning, we wish to inform you that Carentania trades extensively with the capitalist world and that the country is a net exporter that has earned steady surpluses in its trade balance in the past years. All our obligations in the past decades have been met satisfactory and the Workers' Republic of Carentania has not defaulted on debts once. Especially in the troubled times we're living in, Carentanian state bonds remain a safe investment for investors throughout the capitalist world.
Currently, Danziger Thalers a subject to an average of 5% inflation per year, whereas the National Bank of Danzig maintains an interest rate of 3% on loans. We have added this information on the currency we intend to trade our bonds in, to help interested investors with their bids.
OOC: I hope this idea works. Basically, I want your investors/banks/companies or even states to offer me any sum out of the 10 billion for any interest rate you demand. As it's an auction, the best offers get the deal. This WILL have an impact on RP over the next six months as I will take note who exactly bought the bonds and RP accordingly.
