Territory Bonds forms an integral part of NTTC's borrowing program. Territory Bonds is NTTC's retail fixed interest borrowing product, which is used to seek funds from the general public. The funds raised assist to finance the Territory's infrastructure requirements such as housing, transport, health and education services. Territory Bonds is specifically designed for retail investors seeking a safe and secure government guaranteed investment. Territory Bonds has been issued every year since 1979 and, as at 30 June 2016, had approximately $91 million outstanding. Territory Bonds offers a minimum investment amount of $5000 and a variety of investment terms from one to five years. Investors may choose to have their interest paid directly into their nominated bank account either quarterly, half-yearly or annually. Territory Bonds are guaranteed by the Territory Government. Territory Bonds is redeemable at any licensed securities dealer, or with Link Market Services Limited, at a price related to the prevailing interest rates.