Significant Infrastructure Government Loan Act 2021 · 2020 Revised Edition · Part 3 · Terms of Securities
12. Redemption
Feedback & supportSubject to sections 13 and 18, a security issued under this Act is redeemable at par on —
security
“security” includes stock, bonds, notes, certificates, bills and similar instruments;
the maturity date of the security; or
maturity date
“maturity date”, for any security issued under this Act, means the date —(a)specified, in accordance with the Regulations relating to the issue of that security, as the date on which the security is redeemable at par; or(b)specified by the Minister in the terms of the issue as the date on which the security is redeemable at par where the Regulations do not apply to that issue;
if the security is redeemable at the election of the holder, on the earlier of the following dates:
the date specified as the redemption date in any notice of intention to redeem that is given by the holder to the MAS in the prescribed manner;
MAS
“MAS” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;
the maturity date of the security.