Government Securities (Debt Market and Investment) Act 1992 · 2020 Revised Edition · Part 6 · Provisions Relating to Interest Paymentson and Redemption of Governmentsecurities
24A. Early redemption
Feedback & supportThe 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.
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 is to be made; and
such other information as the Authority may consider necessary.
The Authority may refuse any application to redeem any Government securities before the date of maturity of those Government securities without giving any reason.
Government securities
“Government securities” means stocks, bearer bonds, book‑entry Government securities or other securities which may be issued under this Act;
Section 24(3) and (4) applies, with the necessary modifications, to any redemption of Government securities under this section.
This section applies to Government securities issued before, on or after 1 April 2010.