115 tal-1995
Table of Provisions (7)
Statutory Text (7 Articles)
L.N. 115 of 1995
LOCAL LOAN ACI', 1995
(ACT NO. XVIII 010' 1995)
LOCAL LOANS
(REGISTERED STOCK AND SECURITIES)
ORDINANCE (CAP. 161)
Dir«tJve by the Minister of Finan«
for the Issue of Lm5,ooo,ooo
6.5 % Malta Government Stock 2000
(FOURTH ISSUE)
IN clIercise of the powers conferred by Local Loan Act. 1995
and by sections 4{IXa), 3 I(a)(b). and 32 ofthc Local Loans (Registered
Stock and Securities) Ordinance. Cap. 161. the Minister of Finance
has aut horised that the sum ofLm5,OOO,OOO 6.5% Malta Government
Stock be created and issued as follows:-
The Stock shall be issued at the priceofLm lOO per cent and Modoof ..... SIodt.
shall be alloued by application in multiples of Lm 100. Applications
for the allotment of Stock shall open on Monday. 11th 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 Gencral.
All persons andlor entities are eligible to apply. Allotment AI ........... PoI.".
will be on a first-applied first-accepted basis with prderence being
given to non-banking applkants.
An application fur the Stock to be put on the officialliSl and Ttadina"" ","Mal ..
trading on the ~alta Stock ElIchange will be made in tenns o~ the :;:~t
Malta Stock Exchange Act, when the Stock has been fully subscnbed.
4 . The sum of money 10 be raised by the Stock shall be Sumof= · .."ob<
Lm5,OOO,OOO.
On issue date, one part out of every five of the total balance _ o f <OnIribootIon
standing to the credit of the Sinking Funds of the Stock.~ declared as ooSiIII< lot: _ .
being redeemed in the seven Treasury No tices published in the
Government Gazelle of FridllY. 25th August. 1995 will be transferred
to the Sinki ng Fund 6.5% Malta Government Stock 2000 (IV)
established for the purpose of redeeming the Stock. A funher half-
yearly appropriation of not less than Lm50.000 out of the General
Revenue and Assets of the Government of Malta shall be made as a
contribution to this same Sinking Fund. The fi rst contribution shall be
made during the first six months of the year 1996.
Interest al the rale of Lm3.25 for every LmIOO Stock shall
be payable in arrear half-yearly on the 30th March and the 30th
of September of every year during the currency of the Stock.. The
firsl payment covering the period from the 1st October, 1995 to the
30th March, 1996 shall be made on the 30th day of March. 1996 .
1be Slockshall be redecmcd at par 00 the 30th Sep(ember.
2000.