7.8 % Malta GOl'c ronlCnl Stock 2012

L.J'\' . SS of 1997

LOCAl .. LOAN ACT, 1997

(ACT NO. VIOl-' 1997)

LOC AL LOANS

(REGISTERED STOCK AND SECURI T IES) ORIJINANCE

(CAI', 161)

Directhe by the Minister of Flnllnce lind Commerce

for th e Iss ue of Lm 10,000,000

7.8 % Malta GOl'c ronlCnl Stock 2012

(n .RST ISSUE)

IN exercise of the powersconfcm:d by the Local Loan Act. 1997

and by sections4(1 Xa).31(aXb), and 32 of the Local Loans (Registered

Stock and Securi ties) Ordinance, Cap. 161, the Min ister of f inance

and Commerce has IIwhorised thai the sum of LmlO.ooo.ooo 7.8%

Malia Government Stock be created and issued as follow5:-

I . The Siock shall be issued !llihe priccofLm 100 percen t lind _ oil ......

.. hall be allotted by application in muhiples of Lm IOO. Appli cations So"".

for the allotment of Sloek shall open on Monday. 12th May, 1997 al

S.30a.m. and s hall close at 12.00 noon on Saturday, 241h May. 1997

or earlier 111 the disc retion of the Accountant General.

fuq appl ikazzjon i f 'ammonli Ii ji dhlu e i a tt bil - Lm JOn. L- 'o'l·i$I",,1.

applibzzjonijiet ghall-gholi ta' l-iSlockjifthu t-Tnej n, 12 ta' Meij u.

1997 fit-8.30 a.m . u jaghlqu fnofsin har ta' nhar is-Sibt. 24 ta' Meiju,

1997 jew qabel fid-di skrezzjoni ta ' I-Accountant General.

All persons and/or entities are eligible to apply. Allotment All"' ....... PoI"'y.

willbe on a first- upplied first-acce pted basis with preference being

giunto non-banking applicants.

An application for the Stock to be put on the official list and Tnw.IiIt&""''''' M ....

trading on the Malta Slock Exchange wi][ be made in lerms of the ~.l~~.

Malta Stock EXchange Act. when the Stock has been allolled.

The sum of money to be raised by the Stock shall be Sonnof.-ytobo

Lm I 0.000.000 .

..-.

S, On closing date, one pan out of every three of the 10lal ~of«orcri_

balance stand ing to the credit of the Sinking Funds of 6.75% Malta IOSri:;"I flOld.

en

GovemmentStock 1997

and 5.4% Malta Government Slock 1997

(II) declared as being redeemed in the Treasury Notices published in

the Government Gazette of 2nd May, 1997 will be transferred to the

Sinking Fu nd 7.8% Malta Government Stock 2012 (1) established for

the purpose of redeeming the Stock. A funher half-yearly appropriation

of nOlless than Lm 100,000 out of the General Revenue and Assets of

the Government of Malta shall be made as a contribution to this ~ame

Sinking Fuod. The first contribution shu!! be made during the first six

months of the year 1998 .

Interest at the rate ofL m3.90 for every Lm 100 Stock shall be

payable in arrear half-yearly on the 24th May and the 24th of November

of every year during the currency of the Stock. The first payment

covering the period from the 25th May. 1997 to the 24th November,

1997 shall be made on the 24th day of November, 1997.

The Stock shall be redeemed at par on the 24th May , 2012.

7.