116 tal-1995
Table of Provisions (6)
Statutory Text (6 Articles)
L.N. 116 or 1995
LOCAL LOAN ACT , 1995
(ACT NO. XVIII 01-' 1995)
LOCAL LOANS
(REGISTER E D STOCK AND SECURJTI F.S)
ORDlNANCE (CAP. 161)
Directive by the Minister of Finance
for the Iss ue of LmIO,OOO,OOO
6.9 % Malta Government Stock 2002
(THIRD ISSUE)
IN ellercise of the powef$ conferred by Local Loan Act, 1995
and by sections 4( I Xa). 3 1 (a)(b). and 32 of the Local Loons (Registered
Stock and Securities) Ordinance, Cap. 161, the Minister of Finance
has authorised that the sum of lm lO.OOCl,OOCl 6.9% Malta Government
Stock be created and issued as folloW5: -
The Stock shall be issued a!the price of Lmloo percent and _ o f i
shall be allotted by application in multiples oflmloo. Applications
for the allotment of Stock shall open on Monday. II th September,
1995 al 8.30 a.m. and shall close at 12.00 noon on Saturday, 30th
September,l995 or earlier at the discretion orthe Accountant General.
All persons andlor entities are eligible to apply. Allotment AI_h' PoIiqo .
will be on a first·applied first·accepled basis with preference being
given to non. banking applicants.
An application for the Stock to be put on the officiallisl and n.ti"llon , ... M.tu
trading on the Malta Stock Exchange will be made in terms of the ~.k:~.
Malla Stock Exchange Act. when the Stock has been fully subsc ribed.
4 . The sum of money 10 be rai sed by the Stock shall be S ..... of..,...yto ...
lmlO,OOO.OOO.
5 . On issue date, two parts out o f every five of the total balance R-.of «A"it: -jge
standing to the credit o f the Sinking Funds of the Stocks declared as oos-.... Fund.
being redeemed in the seven Treasury Not ices published in the
Government Gazette of Friday, 25th August. 1995 will be transferred
to the Sinking Fund 6 .9% Malta Government Stock 2002 (HI)
established for the purpose of redeeming the Stock. A further half-
yearly appropriation of not less than lm loo,OOO out of the General
Revenue and Assets of the Government of Malta shaU be made as a
contri bution to this same Sinking Fund. The first contribution shall be
made during the first six months o f the year 1996.
Interest at the rate of Lm3.45 for every LmlOO Stock shall
be payable in arrear half-yearly on the 30th Marc h and the 30th
of September of every year during the currency of the Stock. 1lIe
fll'Sl payment covering the period from the 1$1: October. 1995 to the
30th March, 1996 shall be made on the 30th day of March, 1996 .
TIle Stock shall be redeemed at pat on the 30th September,
7. 2002.
L-iStock jinfeda b'paritA fil-30 ta' Settembru, 2002.