6.8 % Malta Government Stock 2004
Table of Provisions (9)
Statutory Text (9 Articles)
L.N.1S9 of 1998
LOCAL LOAN ACT, 1998
(ACT NO. xm OF 1998)
LOCALWANS
(REGISTERED STOCK AND SECURITIES) ORDINANCE
(CAP. 161)
Directive by the MinIster of Finance and Commerce
for the Issue of LmlO,ooo,OOO
6.8 % Malta Government Stock 2004
(SECOND ISSUE)
IN exercise of the powers conferred by the Local Loan Act, 1998
and by sections 4(l)(a), 31(a)(b), and 32 of the Local Loans (Registered
Stock and Securities) Ordinance, Cap. 161, the Minister of Finance
and Commerce has authorised that the sum of LmlO.OOO,OOO 6.8%
Malta Government Stock be created and issued as follows: -
The Stock shall be issued at the price ofLmloo per cent and Mode ofiuuiog
shall be allotted by application in multiples of Lm 100. Applications Stock..
for the allotment of Stock shall open on Wednesday, 1st July. 1998 at
Kull persuna u1jew eoti jistghu japplikaw ghal dan l-iStock. Policy dwar
L-ghoti ta' l-iStock jinghata lil min japplika I-ewwel, iida tinghata [·ghoti ta' l-iSrocA:.
preferenza lill-applikanti Ii m'humiex istituzzjonijiet bankarji.
Issir applikazzjoni sabiex l-iStock jitqieghed fuq i1-lista Negozju rll·Boria
ufficjali u jsir negozjar tieghu fil-Boria ta' Malta skond id- ~~:.~~
dispoiizzjonijiet ta' I-Att dwar iI-Borza ta' Malta meta dan l-iStock
jigi allokat.
Is-somma ta' flus Ii ghandha tingabar bl-iStock tkun ta' Somma ta' flus Ii
gIIanclha tin8abar.
L m 10 , 000 , 000 .
Mid-data ta' l-gheluq, wiehed minn kull theta mit-total tal- IUtata'
bilanci Ii jkunu jinsabu fil-kreditu tal-Fondi tal-Ammortizzament ta' ~t~:~~
dawk it-diet Stocks iddikjarati Ii ser jigu mi fdija fl-avviii tat- Teior kif Ammortiz:zamenl.
ippublikati fil-Gazzetta tal-Gvem tat-12 ta' Gunju, 1998 jigu trasferiti
ghall-Fond ta' Ammortizzament 6.8% Stock tal-Gvem ta' Malta 2004
(II) sabiex jinfeda l-iStock. Barra minn dan, approprjazzjoni kull sitt
xhur ta' mhux anqas minn LmlOO,OOO mid-Dhul Geoerali u mill-Attiv
tal-Gvem ta' Malta ghandha ssir bhala kontribuzzjoni fl-istess Fond ta'
Ammortizzament. L-ewwel kontribuzzjoni ghandha ssir matull-ewwel
sitt xhur tas-sena 1999.
L-imghax bir-rata ta' Lm3.40 ghal kull Lm 100 Stock ghandu
jithallas b'lura kull sitt xhur fil-I5 ta' Jannar u til-I5 ta' Lulju ta' kull
sena matu) iI-kors ta' l-iStock. L-ewwel hlas relattiv ghall-perjodu mis-
16 ta' Lulju,l998 sal-15 ta' Jannar,l999 ghandujsir til-15 ta' Jannar,
1999.
L-iStockjinfeda b'parita til-I5 ta' Lulju, 2004.
30a.m. and shall close at 12.00 noon on Wednesday, 15th July, 1998
or earlier at the discretion of the Accountant General.
2. All persons and/or entities are eligible to apply. Allotment Allotment Policy.
will be on a first- applied first-accepted basis with preference belng
given to non-banking applicants.
3. An application for the Stock to be put on the official list and Trading on !he Malta
trading on the Malta Stock Exchange will be made in tenns of the ~~~~change.
Malta Stock Exchange Act, when the Stock has been allotted.
4. The sum of money to be raised by the Stock shall be Sum of money to be
Lm 10 ,000 ,000.
nmed.
5. On closing date, one part out of every three of the total Rate of contribution
balance standing to the credit of the Sinking Funds of the three Stocks lO Sinking FUIld.
being redeemed as per Treasury Notices published in the Government
Gazette of 12th June, 1998 will be transferred to the Sinking Fund
6.8% Malta Government Stock 2004 (II) established for the purpose
of redeeming the Stock. A further half-yearly appropriation of not less
than LmlOO,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 1999.
6. Interest at the rate of Lm3.40 for every LmlOO Stock shall be
payable in arrear half-yearly on the 15th January and the 15th of July
of every year during the currency of the Stock. The first payment
covering the period from the 16th July. 1998. to the 15th January. 1999
shall be made on the 15th day of January, 1999.
7. The Stock shall be redeemed at par on the 15th July ,2004 .