Form, Rates of Interests, etc. of Bonds.
Section 11
SEC. 11. Form, Rates of Interests, etc. of Bonds.—The Secretary of Finance, in consultation with the Monetary Board shall prescribe the form, the rates of interest, the denominations, maturities, negotiability, convertibility, call and redemption of features, and all other terms and conditions of issuance, placement, sale, servicing, redemption and payment of all bonds issued by virtue of this Act. The Bonds issued by virtue of this Act may be made payable both as to principal and interest in Philippine Currency or any readily convertible foreign currency. Said bonds shall be receivable as security in any transaction with the Government in which such security is required.