Amendment Guaranteeing Payment of Bonds

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PRESIDENTIAL DECREE No. 1020: Amendment Guaranteeing Payment of Bonds

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Title Supreme Court: Amendment Guaranteeing Payment of Bonds

Law: Presidential Decree No. 1020

Decision Date: Sep 22, 1976

Presidential Decree No. 1020 guarantees the payment of principal and interest on bonds issued by the Corporation, with the Republic of the Philippines stepping in if the Corporation fails to make the payment, taking effect immediately upon its issuance on September 22, 1976.

amendment provision

guarantee payment

principal interest

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