(1) Subject to this Act, the Minister may cause to be issued Government securities to meet the fiscal requirements under section 23, on terms and conditions negotiated with the creditor.
(2) The terms and conditions under which Government securities may be issued under subsection (1) must be evidenced in a prospectus.
(3) A prospectus under subsection (2) must —
(a) include —
(i) the amount sought to be raised from issuance of the Government securities and denominations in which the amount is available,
(ii) the maturity of the Government debt instrument,
(iii) whether Government securities must be issued on an interest bearing basis or a discount basis,
(iv) the dates for paying the principal and interest, and
(v) the procedures for registration of holdings of Government securities;
(b) be issued and published within two weeks of issue in one newspaper, or on the website of the Government or the website of the Eastern Caribbean Securities Exchange Limited, prior to issuance of Government securities.