Significant Infrastructure Government Loan Act 2021 · 2020 Revised Edition · Part 3 · Terms of Securities
15. Interest stops on redemption
Feedback & supportRegardless of any demand for payment of the principal sum, all the interest on the principal sum payable on the security stop immediately after —
security
“security” includes stock, bonds, notes, certificates, bills and similar instruments;
the maturity date of a security issued under this Act;
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;
the redemption date in the duly served notice of intention under section 12(b)(i); or
the date of early redemption in accordance with section 13,whichever is the earliest.