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Secured by a pledge of the
full faith, credit, and taxing power
of the State of South Carolina
The State of South Carolina is offering its residents an opportunity
to invest in their State and, at the same time, a vehicle to save for
their children’s education or their own retirement.
For as little as $200, you can purchase a State of South Carolina
Capital Appreciation Mini-Bond. For $500, you can purchase a State of
South Carolina Current Interest Bearing Mini-Bond. Both are tax-free.
These Mini-Bonds will be available for purchase only between
October 12 and October 25, 2000.
How It Works
- You may invest a minimum of $200 in a Series 2000MB Capital
Appreciation Mini-Bond. Interest will be compounded and paid with
principal upon maturity. You may purchase Capital
Appreciation Mini-Bonds that will mature in five years on November
1, 2005, or ten years on November 1, 2010.
- You may invest a minimum of $500 in a Series 2000MB Current
Interest Bearing Mini-Bond. Interest will be paid semiannually. You
may purchase Current Interest Bearing Mini-Bonds that will mature in
five years on November 1, 2005, or ten years on November 1, 2010.
- The interest rates for the Bonds will be announced on September
15, 2000.
- The amount of Bonds sold will be limited. Orders will be filled on
a "first-come, first-served" basis.
- All interest earned on these Bonds is currently excludable from
gross income for Federal and South Carolina income tax purposes.
- The Mini-Bonds must be purchased with a cashier’s check, money
order, or personal check, any of which must be drawn on a financial
institution with offices in South Carolina.
- The Mini-Bonds are available only to South Carolina residents.
- Because of the processing requirements, requests for information
packages received after October 20, 2000 may not be honored.
- All orders for Series 2000MB Mini-Bonds must be in our office no
later than 5:00 p.m. on October 25, 2000.
- If you have any questions about these Mini-Bonds, call
1/800/279-4317.
A request for an information package in response to this
communication involves no obligation or commitment of any kind. This
communication shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of the Bonds without
delivery of the Official Statement relating to the Bonds.
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