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Cap. 575 · Government Borrowing (Cap. 575)

Cap. 575 Art. 23Issuance of debt securities and debt instruments. 10 [CAP.

En vigueurTexte officiel

(1) Except as expressly authorised by article 4 and any other Act, the Minister shall not, borrow any money through loans for any other purpose.

(2) Whenever the Minister is authorised to issue debt securities under this Act, such securities may be issued either on the domestic or the international market as the said Minister may direct.

(3) Whenever the Minister is authorised to issue debt AND MANAGEMENT OF PUBLIC DEBT 575.

instruments under this Act, such debt instruments shall be issued in the domestic market as the said Minister may direct.