Singapore legislation
Section 14
Section 14
Issue of securities
(1)
Subject to subsection (2), the securities issued under this Act bear the rates of interest, and are subject to such other terms and conditions as to repayment, redemption and other matters, including provision for a sinking fund, as may be determined by the Minister.
(2)
Any securities issued under this Act are redeemable at par on such dates as may be determined by the Minister, after which dates all the interest on the principal moneys represented by the securities ceases, whether payment of the principal moneys has been demanded or not.