Internal War Loans Belligerent Countries

Government of Switzerland
5% Federal Loan of 1914
(First Mobilization Loan)
Dated—August 26, 1914.
Due—February 26, 1917.
Period of Subscription—August 20, 1914.
Interest Dates—February 26 and August 26.
Issue Price—99.
Form and Denomination—Coupon bonds in denominations of
100, 500 and 1,000 francs. Coupon bonds with an aggregate
par value of not less than 1,000 francs could be deposited
without charge at the Swiss National Bank at Berne in exchange
for registered certificates. The first coupon was for
2.10% instead of 2.50%.
Method of Subscription—Subscriptions received at the Swiss
National Bank, its branches and agencies, Swiss banks and
banking houses and post offices. Subscriptions subject to
reduction in proportion to oversubscription.
Method of Payment—Subscriptions upon allotment were payable
in installments ; 40% August 26, 1914, 40% September
26, 1914, and 19% November 26, 1914, without accrued interest.
The first coupon was for 2.10% instead of 2.50%
due to the fact that accrued interest was not added to the
subscription price if paid in installments. Subscriptions
could also be paid in full on either August 26, 1914, at 98.60
or on September 26, 1914, at 98.85, instead of 99, the difference
representing an interest adjustment at the coupon
rate of 5%.
Fiscal Service—Principal and interest payable in money of
Switzerland at the Swiss National Bank, its branches and
agencies and at all Swiss district post offices and custom
houses.
Taxation—Payment of principal and interest exempt from all
taxes, deductions or stamp duties of the Federal Government.
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