(1) In this section "loan capital" means any debenture stock, bonds or funded debt, by whatever name known, or any capital raised which is borrowed or has the character of borrowed money, whether in the form of stock or in any other form.

(1A) For the purposes of subsection (2) (d) "enhanced equipment trust certificate" means loan capital issued by a company to raise finance to acquire, develop or lease aircraft.

(2) Stamp duty shall not be chargeable on -

(a) the issue, whether in bearer form or otherwise, of -

(i) any Government loan within the meaning assigned by section 134(10) of the Finance Act, 1990, or

(ii) any other loan capital;

(b) the transfer of loan capital of a company or other body corporate which -

(i) does not carry a right of conversion into stocks or marketable securities (other than loan capital) of a company having a register in the State or into loan capital having such a right,