53 tal-1997 - Direttiva mill-Ministru tal-Finanzi u Kummerċ għall-Ħruġ ta ' Lm10,000,000 6.75% Stock tal-Gvern ta' Malta 2000 (Il-Ħames Ħruġ)

L.N. 53 or 1997

LOCAl .. LOAN ACf, 1997

(ACT NO. VI OF 1997)

LOCAL LOANS

(REG ISTERED STOC K AND SECURITI ES) OROINANC ..

(CAl'. 161 )

Directh'e by the Minister of Finance and Commerce

for th e Issue of Lm 10,000,000

6.75 % Malta GO"ernment Stock 2000

(t'WrH ISSUE)

IN e xercise of the powers con ferred by the Local Loan Act, 1997

and by sections 4{1 Xa).3 1 (a)(b),and 320fthe Local Loans (Registered

Stock and Securities) Ordi nance, Cap. 161. the Minister of Finance

and Commerce has authorised thnt the sum of Lm 10.000.000 6.75%

Malta Government Stock be c reated and iss lied as follows: -

I. The Stock shall be issued at the price of Lm 100 pe r cent and

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

for the allotmem of Stock s hall open on Monday, 12th May, 1997 at

8.30a.m . and shall close at 12.00 noon on Saturday. 24th May, 1997

or earlier atll1e discretion of the Accountant General.

fuq applikazzjoni f'ammonl i Ii j idhlu eian bil . LmlOO.L - .. · I-iS .. d .

applikazzjonijiet ghall-gholl la' l-iS/ack jifthu 1-Tnejn, 12 ta' Mejju,

1997 fi t-8 .30 a.m. u jaghlqu f'nofsinhar ta' nhar is-Sibt, 24 ta' Mejju,

1997 jew qabeJ fid-di skrezzjoni la' I-ACCQuntan/ General.

,.,.,a-

All persons and/or entities are eligible to apply. Allotment I\II"n""", I'oQty

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

g iven to non-bank ing npplicants.

An applicat ion for the Stock to be put on the official list and Tradin, ,",,h<Maha

trading on the Malta Stock Exchange wil l be made in tenns of the 6:1<~;'lwlrt.

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

T he sum of money 10 be rai sed by the Slock s hall be Sum 01 money '0 II<

lIi ocd.

lm 10,000,000.

S. On closin g dme. one part Out of e very three of the total R""'of_mbul .....

balance standiog to the credit of the Sinkiog Fuods of 6 ,75% Malta lO S;nI<ing Fum.

Government Stock 1997 (I) and 5.4% Malta Government Stock 1997

(II) declared as being redeemed io the Treasury No ti ces published in

theGo\'<! rnmcnt G 37.ette of 2nd May, 1991 will be transferred to the

Sinking Fuod 6.75% Malta Government Stock 2000 (V) establis hed

for the pur pose of redeemiog the Stock. A funher half-yearly

appro priatioo of not less than LmlOO.ooo out of the General Re\'cnue

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

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

the first six months of the year 1998.

Interest at the rate of Lm337S for every Lml00 Stock shall

be payable in arrear half-yearly on the 10th Ju ne and the 10th of

Deccmber o f every year during the currency of the Stock . The fil'Sl

pro-rata payment covering the period from the 25th May. 1991 to the

10th December, 1997 shall be made on the 10th day of December. 1997.

TIle Stock shall be redeemed at par on the 10th June, 2000.