Launch of the Québec Savings Bonds Sales Campaign

QUÉBEC, April 29 2011 /CNW Telbec/ - The Ministère des Finances du Québec today announced that the sales campaign for the June 1, 2011 issue of Québec Savings Bonds will begin May 2, 2011. These bonds are redeemable at any time without penalty and will bear interest at 1.50 % until May 31, 2012. This rate may be raised during the sales period by market conditions change, but it can never be lowered. Thereafter, the interest rate will be set annually depending on market conditions.

The Department also announced that the rate on outstanding Québec Savings Bonds will be raised to 1.50 % as of June 1, 2011. It is currently 1.25 %. The new rate will be in force until May 31, 2012.

Savings and retirement products issued by the Québec government are safe and flexible investment vehicles that offer good returns, allowing Quebecers to have their money work for them while contributing to the development of Québec.

These products are eligible, without fees, for the various accounts offered by Épargne Placements Québec, namely the Investment Savings Account, TFSA, RRSP, RRIF, LIRA and LIF. They are available from Épargne Placements Québec by contacting an investment officer at 1 800 463-5229, Monday through Friday, from 8 a.m. to 8 p.m.

For more information, you can also visit the Épargne Placements Québec Web site at: www.epq.gouv.qc.ca.

SOURCE Ministère des Finances

For further information:

Jacques Delorme
Media Relations Officer
Direction des communications
418 528-7382


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