Cap. 575 Art. 25Publication of offering circular and Prospectuses.

(1) With the exception of Treasury bills each issue of debt securities under this Act, before such debt security is issued, on obtaining approval from the Minister, the Treasury Department shall specify the issuance amount and the relevant terms and conditions and cause such offering circular to be published. The terms and conditions of the offering circular shall apply in conjunction with the General terms and conditions of the General Prospectus of the Government Securities.

(2) There shall be General Prospectus for Treasury Bills and their issuance shall be governed by the terms and conditions of the said prospectus.

(3) The issuance of debt instruments shall be governed by the terms and conditions of the relevant prospectus. Before such debt instrument is issued, on obtaining approval from the Minister, the Treasury Department shall cause the publication of the prospectus including the amount on issue and the terms and conditions of the offer.