Public Debt Management Agency centralises issuance and management of government securities under government supervision and operational functions. Establishment of a Public Debt Management Agency as a corporate body with perpetual succession and specified head office; the Agency's object is to minimise the long term cost of public debt within acceptable risk. Governance vests in a Board of executive and nominee members. Functions include collecting and publishing public debt information, purchasing, re issuing and trading Government securities, undertaking transactions for debt management, being entrusted with issuance of Government securities, making payments to security holders, acting under Central Government directions, and enjoying tax exemption.