Posted: Wednesday, June 10, 2020. 2:40 pm CST.
By Aaron Humes: People’s United Party (PUP) Treasurer Christopher Coye pointed as part of the party’s arguments against the US $30 Treasury Notes, it notes that the concurrent Superbond offers a rate of return, at 15 percent, better for investors than the proposed 6 percent the Notes offer.
Coye concludes that investors may not be as attracted to the Notes except for some beholden to Government.
And Party Leader John Briceno added that while the terms look attractive, they resemble “loan shark money.”
Nonetheless, the Party is weighing the issue of making a legal challenge. Briceno says he does support taking the issue to the House of Representatives, and expects there will be a meeting in the next two weeks to determine the way forward in managing COVID-19.
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