7.25% Malta Gove rnment Stock 2006

L.N • .58 vi " "

LOCAL WAN ACT, 1996

(ACT NO. x:n OF 1996)

LOCALWANS

(REGISTERED STOCK AN D SECURITIES) ORDINANCE

(C AP. 161)

Directive by the Minister or Finance

ror the Issue of LmlO,OOO,ooo

7.25% Malta Gove rnment Stock 2006

(SECOND ISSUE)

IN exercise of the powers conferred 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 Finance

has aut horised that the su m of L m 10 ,000 ,000 7.25% Malta

Government Stock be created and issued as follows:-

The Stock shall be issued at the price ofLmlOO per cent and MocItofiu.l,.

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

for the allotment of Stock shall open on Monday, 15th April, 1996 at

830a.m. and shall close at 12 .00 noon on Saturday, 27th April, 1996,

or earlier at the discretion of the Accountant General.

All persons and/or e ntities are eligible to apply. Allotment A1_PtIIicy.

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

given to non-bankin g applicants.

An application for the Stock to be put on the official list and ~ ........ ~ ..

trading on the Malta Stock Exchange will be made in terms of the ~.k~~.

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

The su m of money to be raised by the Stock shall be ~"'_lObc

Lm 10.000.000.

.-..t

On issue date. two parts out of every five of the total balance ~",....,..;tooac.

standing 10 the credit of the Sinking Funds of the Stocks declared as IOS ..... ~ ,

being redeemed in the twelve Treasury Notices published in the

Governme nt Gazette of 4th April , 1996 will be transferred to the

Sinking Fund 7.25% Malta Government Stock 2006 (II) established

for the purpose of redee ming the Stock. A further half-yearly

appropriation of not less than Lm 100,000 out ofthe General Revenue

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

tothis same Sinking Fund. The first contribution shall be made during

the first Sill months of the year 1997.

Interest at the rate of Lm3.62S for every Lm100 Stock shall

be payable in arrear half·yearly on the 1st February and the 1st of AUgust

of every year during the currency of the Stock. The flrst pro rata payment

covering the period from the 28th April . 1996 10 the 1st August.l996

shall be made on theist day of August. 1996.

7 . The Stock shall be redeemed at par on the 1st August. 2006.

~ft.".

4 , .. ~ - _.*c:.'4'

.. '"""""""'"'

Preu 2c - hie. Ie

L-iStock jinfeda b'parilA fl -I ta ' Awissu , 2006.