6% Malta Go\'ernment Stock 1998

L.N. 114 01 1995

LOCAL LOAN ACT, 1995

(ACT NO. xvm OF 1995)

LOCAL LOANS

(REGISTERED STOCK AND SECURITlf.:8)

ORDINANCE (CAP. 161)

DiredJve by the Minister of "'inance

for th e Issue of Lrn 10,000,000

6% Malta Go\'ernment Stock 1998

(SIXTH ISSUE)

IN exercise of the powers confentd by Local Loan Act, 1995

and by sections4(l)(a), 31(a)(b), and 32 of the Local Loans (Registered

Stoc k and Securities) Ordinance, Cap, 161, the Minister of Finance

has authorised that the sum of Lm 10,000,000 6% Maim Govern ment

Stock be created and issued as follows:-

I,

The Stoc k shal l be issued at the price of Lm 100 percent and

shal l be al lotted by application in multiples of Lm 100. Applications

for the al lotment of Stock shall open on Monday, IlIh September,

1995 at 8.30 a.m. and shall close at 12.00 noon on Saturday, 30th

September, 1995 or earlier at the discretion of the Accountant General.

2, All persons andlor entities are eligible to apply. Allotment "11ocmo .. PoIiey.

will be on a first-applied first-accepted basis with preference being

given to non-banking applicants.

L-ghoti ta' l-iSlock jinghata liI min japplika l-ewwe1. iida tinghata

preferenza li ll-applikanti Ii m'humiex istiluzzjonijiel bankarji.

lssir applikazzjoni sabiex l-iStock jilqicghed fuq il-lista Ne,.,.j.d ll .8oria

An application for the Stock to be put on the official list and Tro<Ii"1 OIl ,he Mal ..

trading on the Malta Stock Exchange will be made in terms of the Sl<>ck

Malta Stock fixchangc Act, when the Stock has been fully subscribed.

The sum of money to be raised by the Stock ~hall be Sum n I _ f IQ be

Lm 10,000.000.

5 . On issue date, two parts out of cvery five of the total balance IUI< of contriblllion

standing to the credit of the Sinking Funds of the Stocks declared as

being redeemed in the seven Treasury Notices published in the

Government Gazette ofFridny, 25th August, 1995 will be transferred

to the Sinking Fund 6% Malta Government Stock 1998 (VI)established

for the purpose of redeeming the Stock. A further half-yearly

appropriation of not less than LmlOO,OOO out of the General Revenue

and Assets of the Government of Malta shall be made as n contribution

10 Ihis same Sinking Fund. The first contribution shall be made during

the first six months of the year 1996.

Interest al the rate of Lm3.00 for every Lm 100 Stock shall

be payable in arrear half-yearly OD the: 30th March and the 30th

of September of every year during the currency of the Stock_ 1be

first pay ment covering the period from the 1st October. 1995 10 the

30th Marc h. 1996 shall be made on the 30th day of March, 1996.

1be Stock shall be redccmed at par on tbe30th September,

7. 1998.

L--iStod: jinfeda b' parilA fil-30 la' Settembru, 1998.