MT
6.75% Malta Government Stock 2001
Table of Provisions (8)
Statutory Text (8 Articles)
L.N. 126 tJl lJ96-
LOCAL LOAN ACI', 1996
(ACI' NO. XII OF 1996)
LOCALWANS
(REGISTERED STOCK AND SECURITIES)
ORDINANCE
(CAP. 161)
Directive by the Minister of Finance
for th e Issue of Lm4,OOO,ooo
6.75% Malta Government Stock 2001
(FOURTH ISSUE)
IN exercise of the powers conferred by Local Loan Act, 1996
and by section 4(1)(a) o f the Local Loans (Registered Stock and
Securities) Ordinance. Cap. 161. the MinisterofFinance has authorised
that the sum o f Lm4,OOO,OOO 6.75% Malta Government Stock be
created and issued as fo llows:-
The present issue of Stock is being made for the purpose of Purpooeofiowe.
making good part of the defict incurred by the Consolidated Fund to
meet expenditure during the year 1995 and that projecled to be incurred
in the year 1996.
The Stock shall be issued at the price of Lm I 00 per cent and M<>deofiuuina SI""k ,
shall be allotted by application in multiples of LmlOO. Applications
for the a llotment of Stock shall open on Monday. 8th July, 1996 at
Kull persuna u/jew enli j istghu japplikaw glial dan l-iStock . Policy d .... r l.gh<oIj
L-ghoti ta' l-iStock jinghara lil min japplika I-ewwel, lida linghata tl' j·i\'h'>d.
preferenza liIl-applikanti li m'humiex istituzzjonijiet banlearji.
Issir applikazzjoni sabiex l-iStock jitqieghed fuq iI-lista ~ .... jufil.Bori:a
uffi cjali u jsir negozj ar tieghu fil-Soria ta' Malta sko nd id- ::'~'.
dispozizzjonijiet ta' I-All dw ar il-Soria ta' Malta mela dan l-iStock
jigi allokat.
S, Is-somma ta' flus li ghandha tingabar bl-iStock tleun ta'
Lm4,OOO,OOO.
Appropljazzjoni kull siuxhur ta' mhw. anqas mion Lm40.ooo
mid-Dh ul Generali u mill·Auiv laI-Gvcm ta' Malta ghandha ssir bhala
konlribuzzjoni ghall-Fond ta' Ammortizzamenl sabicxjinfeda l-iSrock.
L-ewwel kontribuzzjoni ghandha ssir matul l-ewwel sin xhur las-sena
1997 .
L-imghax bir·rata tat Lm3J75 ghal kull LmIOO Stock ghandu
j ithallas b'lura kull si lt xhur fl · 20 ta t J annar u fl -20 la'
Lulju la' kull seno matul i\-kors ta' l-iSrael. L-ewwel hlas rdaniv
ghaJl-pcrjodu mill-21 la' Lulju, 1996 saI-20 la' Jannar. 1997 ghandu
jsir fl -20 ta' Jannar. 1997. L-ah har hlas pro rata relalliv ghall-pcrjodu
mill-21 la' Jannar. 200 1 sa \-\ ta' Awissu. 200 1 ghandu jsir fid-data
tal-fidwa I- I la' Awissu. 2001 .
30 a.m. and shall close at 12.00 noon on Saturday, 20th July, 1996 or
earlier at the discretion of the Accountant General.
3. All persons and/or entities are eligible to apply. Allotment AlloononlPolir;y.
will be on a first-applied first-accepted basis with preference being
given 10 non-banking applicants.
4. An application for the Stock to be pu t on the official list and T,.!;nl"" IIoe Malta
trading on the M alta Stock Exchange will be made in terms of the ~\4~hanJe.
Malta Stock Exchange Ac t, when the Stock has been allotted.
5. The sum of money to be raised by the Stock shall be Su",<>frnoneytob<
Lm4,OOO.OOO.
raised,
6. A half-yearly appropriation of not less than Lm40,OOO out b . of tullribuliol>
o f the General Revenue and Assets of the Government o f Malta shall '0 Sintin. FW'Id.
be made as a contribution to the Sinking Fund established for the
purpose of redeeming the Stock. The first contribution shall be made
duri ng Ihe first six months of the year 1997.
7. Inte rest at the rate of LmJ.37S for every Lm 100 Stock shaJI
be payable in arrear haU-yearly on the 20th January and the 20th
of July of every year during tbe currenc y of the Stock. The fltSt
payment covering the period from the 21st July, 1996 to the 20th
January, 1997 shall be made on the 20th day orJanuary. 1997. The last
pro-rata payment covering the period from the 21 st day of January,
200 I to tbe 1st day of August. 2001 shall be made on the redemption
date 1st August. 2001 .
8. TheSlockshallberedeemedalpaIOn the 1st August. 200 1.
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