62 tal-1994
Statutory Text (5 Articles)
L.N. 6l of 1994
LOCAL LOANS
(REGlS'TEIlED STOCK AND SECURITIES) ORDINANCE,
(CAP. 161)
CONVERSION OF REGISTERED DEBENTURE
Dlrectln by the Minister or Flna~
for the Connrsion iDto
LmI,OOO,OOO 5.4% Malta Govullmmt Stock 1997 (SKond Issue)
from LmJ,OOO,OOO 5.S'" RepleAd DWmtun: 1994
IN e~ercise of the powers conferred by section 4(1 )(a) of the Local
Loans (Registered Stock and Securities) Ordinance. Cap. 161. the
Minister of Finance has declared the Lml,<XXl,<XXl5.5% Registered
Debenture 1994 due for repayment on the 151h June, 1994, to be
convertible into registered stock to be issued under the provisions of the
Ordinance,
The Minister has also authorised in tenns of sect ions 31 (b) and 32
of the same Ordinance that, for the con~ersion of the Lml,<XXl,<XXl
issir applikazz;oni sabiex l·iSloc'\: jilpoigl fuq il·lisla uff~ari w
in·nepju 111·Soda la ' Malta ~kond id-dispotizzjonijiel la·1· AII dwa r
il· Sorta 11· Malla me t. dan l-iSloc'\: jilhallas koll u.
J . Is·somma la· Ous I; ghandh a li ntalla r III· iSroc'\: Iku n
Lml ,OOO,OOO.
Mid-dal a la· bdil. il · bilant la· Lm322 .52S u 89 tenlcimu I;
jinsab fiI -kreJilu IHli·Sinkin, Fwod 5.5% Obbligazzjonijiel Re~lrali ..... iI_ ;""
1994 jiii Irasferil fis-Sinking Fund 5.4% Slock lal·G ve m I.· Mal la _ izzMoo ...
( Bdil) 1997 . I m~had approprjazzjoni ku ll !lenD la· mhu x a nqas minn
LmIO.OOO mid·d hul general! 11 min.al liv lal ·Gve rn la· Malt a .sir bhala
konlrib uujoni ghall-Fo nd la· Ammort ittamc nl sa bin jinfeda l-iSloc'\: .
l·e wwcl ko nlrihuzzjoni ghalld ha ssi r malu l ;'·5I: na 1995.
5% Registered Debenture 1994 a new 5.4% Malta Government
(Conversion) Stock 1997 be created and issued as follows
I . (a) The Stock shall be issued at the pricc of Lmloo per cent
and shall be alloned by application in multiplesofLmloo. Applications
for the allotment of Stock by the present holders of the 5.5% Registered
Debe nlures 1994 shall open al9.oo a.m. OD Wednesday , 1st June, 1994,
and clOSt: at 12.00 noon on Monday , 6th June, 1994.
(b) Any remaining balance of the 5.4% Malta Government
(Conversion) Stock 1997 not taken up by the present holders of the
5.5% Registered Debentures 1994 will be allotted tn the Central Bank
of Malta who is underwriting Ihis issue.
2. An application for the stock to be put on the official list and
Iradingon the Malta Stock E~change will be made in tennsofthe Malta
Stock Exchange Act , when such Stock has been fully subscribed.
J. The sum of money to be raised by the Stock shall be
Lrn 1 ,<XXl,<XXl .
4, On conversion dale. the balance of Lm322,525 and 89cenls
standing 10 the credit of Sinking Fund 5.5% Registered Debenture,
1994 will be transferred to Sinking Fund 5.4% Malta Government
(Conversion) Stock 1997. Thereafter an annual appropriation of not
less then LrnIO,OOO out of the general Te~enue and assets of the
Government of Malla will be made as a contribution to the Sinking
Fund. The first contributinn shall be made during the year 1995.
5. lntcrest sball bepayable in arrur balf-~.rlyoo tbe ISthdayof
June and the !SIb day of December in every ~ar during the cunenq of
the Stoc:lr.. The first payme nt of Lm2.7(); per lml OO stock covering the
period from the 15th day of June , 1994 10 the 14th day of December,
1994, shall be made on the 15th dayof Deumbe r, ]994.
,. The Stock shall be redeemed al par OD 15th J une , 1997.
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L-iSlock. ghandujigi mifdi b'pari'i ft-IS la ' Ou nj u, 1997.