Government Securities (Debt Market and Investment) Act 1992 s 15B
s 15B Terms of RMGS
15B.—(1) Every RMGS issued under this Part is redeemable at par only.
(2) Every RMGS —(a)
is not transferable without the consent of the Minister; and
(b)
is issued subject to such other conditions as to repayment, redemption and other matters as may be agreed between the Minister and the Authority, which may include —(i)
repayment of the principal sum in the form of financial assets not in the form of cash or not denominated in the currency of Singapore or both; and
(ii)
redemption of the RMGS before the maturity date specified in the RMGS at the election of either the Government or the Authority.[Act 5 of 2022 wef 21/02/2022]
Read this section in the full act → · Open PART 3A →
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗
Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.
The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.
