15. Power to borrow

For the discharge of its functions or duties under this Act or any other written law, the Authority may, from time to time, raise loans from the Government or, with the approval of the Minister, raise loans from banks and other financial institutions (whether in Singapore or elsewhere) by —

mortgage, overdraft or otherwise;

charge, whether legal or equitable, on any property vested in the Authority or on any revenue receivable by the Authority under this Act or any other written law; or

the creation and issue of debentures or bonds.