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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2013 - onwards
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751B. Exchange of Irish Government bonds.

(1) In this section -

'chargeable period' has the same meaning as in section 321(2);

'the exchange' in relation to an investor, means the exchange of old securities for new securities under the Exchange Programme in Irish Government bonds as designated by the National Treasury Management Agency;

'investor' means any person who as beneficial owner of securities exchanges them for new securities under the exchange;

'last payment day' in relation to old securities, means the last day, before the day on which the exchange takes place, on which interest is payable in respect of the old securities; and in a case where a payment of such interest may be made on a number of days, that interest shall be treated as payable on the first of those days; but if there has not been any day upon which interest in respect of old securities has been payable before the day on which the exchange takes place, the last payment day means the day of issue of the old securities;

'old securities' means the first-

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