Clause 12
Redemption
of Significant Infrastructure Government Loan Bill
BillNot in forceProvision 12 of 33
Clause 12
Subject to sections 13 and 18, a security issued under this Act is redeemable at par on —
(a)
the maturity date of the security; or
(b)
if the security is redeemable at the election of the holder, on the earlier of the following dates:
(i)
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;
(ii)
the maturity date of the security.