Section 20Sec./Art. 20

Form, Rate of Interest, etc. of Bonds.- The Secretary of Finance, in consultation with the Monetary Board, shall the form, the rate of interest, the denominations, maturities, negotiability, convertibility, call and redemption features, and call other terms and conditions of issuances, placement, sale, servicing, redemption and payment of all bonds issued under the provisions of this Act.

The bonds issued by virtue of this Act shall be made payable both as to principal and interest in Philippine currency and shall be acceptable as security in any transaction with the Government in which such security is required.