139. Payment of interest

Subject to subsection (2), the interest payable on any book‑entry MAS securities issued under this Part (if any) must be paid half‑yearly at the office of the Authority as prescribed in regulations made under section 144 relating to the issue of the securities.

Where any book‑entry MAS securities that are redeemable at the election of the holder thereof at any time are redeemed before the date of maturity of the securities, a portion of the half‑yearly interest payable on the securities (calculated on a pro‑rata basis) is payable on such date as may be specified as the redemption date in the duly served notice of intention to redeem the securities.