6.75 % Malta Government Stock 2001

L.N. 57 or 1996

lOCAL LOAN ACf,I996

(ACT NO. XU OF 1996)

lOCAL lOANS

(REGISTERED STOCK AND SECURITIES) ORDINANCE

(CAP. 161)

Diredive by the l\finister or Finance

ror the Issue or Lm7, 500,ooo

6.75 % Malta Government Stock 2001

(THIRD ISSUE)

IN exercise of the powers conrerred by the Local Loan Act. 1996

and by sections4( IXa), 3 1(a)(b) and 32 of the Local Loans (Registered

Stock and Securities) Ordinance. Cap. 16 1, the Minister of Fi nance

has authori sed that the sum ofLm7.soo,ooo 6 .75% MaitaGovemment

Stock be created and issued as follows; -

The Stock shall be issued at the priceofLm l OO percent and _,., ......

shall be allotted by application in multiples of Lm 100. Applications Soo<t..

for the allotment of Stock shall open on Monday, I Sth Apri l, 1996 at

830a.m. and shall close aI 12.00 noon on Saturday, 27th April , 1996.

or earlier at the discretion of the Accountant Genera! .

All persons and/or entities are eligible to apply. Allotment A _ htiq.

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

given to non-banking applicants.

An application for the S tock to be put on the official list and T.-., ....... M ....

trading on the Malta Stock Exchange will be made in lerms of the ~.~~t

Malta Stock Exchange Act . when the Stock has been allotted.

4 . The sum of money to be raised by the Stock shall be ~,.,_."bo

Lm7.500,ooo.

oaiood.

s. On issue dale. three pans out of every ten of the total balance - - , . , - -

standing to the credi t of the Sinking Funds of the Stocks declared as ."SinIliftal'llnd·

being redee med in the twelve Treasury NOIices published in the

Government Gazette of 4th April, 1996 will be transferred 10 the

Sinking Fund 6.75% Malta Government Stock 2001 (Ill) established

for the purpose of redeeming the Stock. A funhe r half-yearly

appropriation of not less than Lm7S,ooo out of the General Revenue

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

to this same Sinking Fund. The first contribution shall be made during

the first six months of the year 1997 .

Interest al the rate of Lm3.37S for every Lm 100 Stock shall

Is-somma ta' flu s Ii ghandha tiniabar bl-iS/oct tkun ta'

Lm? ,500.000.

"!:.::. ..

5, Mid-dala lal-hrug, tliela minn kull ghaJ( ra mit-tolal tal -

bilanci Ii jkunu j insabu fil -kreditu tal-Fondi tal-Ammortizzament ta' ~tI'"''''

dawk l-iS/ocks iddikjarati Ii se r jigu mifdija fil· tnax avviii tat-Teior Ii " .. _ I ..........

gew ippublikati fiI-Gazz.etta taI-Gvem ta'l-4 la' April, 1996 jigu trasferiti

ghall-Fond ta ' Ammortizzamc:nt 6.75 % Stocktal-Gvern ta ' Malta 2001

(III) sabiex jinfeda l-iS/ock. Barta minn dan, approprjazzjoni kull sin

)thur ta' mhux anqas minn Lm7S.ooo rnid-Dhul Genc:rali u mill-Attiv

taI-Gvem ta ' Malta ghandha ssi r bhala kOlitribuzzjoni fl -istess Fond ta'

Am monizzament. L-ewwel kontribuzzjoni ghandhassir mawll-ewwel

silt xhur tas-sena 1997.

be payable in anearhalf-yearly on the 151 February and the lSI of August

of every yeat during the currency of the Stock. The first pro rata payment

cove ri ng the period from the 28th April. 1996 to the 1st August, l996

shall be made on the ist day of August. 1996.

The Stock shall be redeemed at par on the 1st August . 200 I .

C., .... _,,· ....

w .... lI-l.

, ' .. IIHi¥mo _ I'r'iIIIIl4 . . .

hfa