Clause 5

The Authority may, from time to time, by public notice invite the public to apply to redeem any Government securities specified in the public notice before the date of maturity of those Government securities.(2) The public notice referred to in subsection (1) may specify —

the terms and conditions relating to the early redemption of the Government securities specified in the public notice, including the manner in which any offer for early redemption shall be made; and

such other information as the Authority may consider necessary.(3) The Authority may refuse any application to redeem any Government securities before the date of maturity of those Government securities without assigning any reason.(4) Section 24(2) and (3) shall apply, with the necessary modifications, to any redemption of Government securities under this section.(5) This section shall apply to Government securities issued on, before or after the date of commencement of section 5 of the Government Securities (Amendment) Act 2009.”.