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Citizen Bonds

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Citizen bonds
Certificateless municipals that can be registered on stock exchanges and are listed in newspapers.

Citizen Bond
A certificateless municipal bond that may be registered and traded on an exchange. A certificateless municipal bond does not issue individual certificates in order to facilitate trade. A citizen bond provides an extra layer of ease by trading on an exchange. Unlike other municipal bonds, many citizen bonds have their prices listed in daily publications.


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Among other things, the Energy Reform improves PEMEX's corporate governance, increases management's execution capacity in investment decisions, allows the company to provide incentives or make modifications to awarded contracts, and stipulates the issuance of citizen bonds (debt securities which may be acquired by micro-investors and whose return is linked to PEMEX's performance).
The Vermont citizen bonds now offered will be mini bonds, in $1,000 denominations.
 
 
 
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