Cap. 575 Art. 24Methodofissuance of debt securities and debt instruments.

(1) The issuance of debt securities and debt instruments shall be carried out by the Treasury Department, by any method approved by the Minister, including an auction, private placement, syndication, offer for sale by tender, offer for sale at fixed price or any other method deemed appropriate.

(2) The Treasury Department may issue debt securities and debt instruments either directly or through the appointment of one or more financial institutions, as considered appropriate, to manage the sale of the debt securities and debt instruments on behalf of the Government.

(3) In pursuance of sub-article (2) to appoint one or more financial institutions for placement of securities and, or market making activities, the Treasury Department may enter into any contract or agreement relating to such terms and conditions that it may consider appropriate.