sl_388.3

DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

9 Articles / Provisions · Malta

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Table of Provisions (9)

Preamble Reg. 1 Title. Reg. 2 Mode of issuing stock. Reg. 3 Allotment policy. Reg. 4 Trading on the Malta Stock Exchange. Reg. 5 Sum of money to be raised. Reg. 6 Rate of contribution to sinking fund. Reg. 7 Rate of interest and dates of payment. Reg. 8 Redemption of stock.

Statutory Text (9 Articles)

Laws of Malta — Subsidiary Legislation 388.3 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Preamble — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE) Open official source

ISSUE OF LM10,000,000 7.25%

MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

SUBSIDIARY LEGISLATION 388.03

DIRECTIVE BY THE MINISTER OF FINANCE FOR

THE ISSUE OF LM10,000,000 7.25% MALTA

GOVERNMENT STOCK 2006 (SECOND ISSUE)

4th April, 1996

LEGAL NOTICE 58 of 1996.

Laws of Malta — Subsidiary Legislation 388.3 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Reg. 1 Title. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE) Open official source

The title of this Directive is Directive by the Minister of

Finance for the Issue of Lm10,000,000 7.25% Malta Government

Stock 2006 (Second Issue).

Laws of Malta — Subsidiary Legislation 388.3 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Reg. 2 Mode of issuing stock. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE) Open official source

The stock shall be issued at the price of Lm100 per cent

and shall be allotted by application in multiples of Lm100.

Applications for the allotment of Stock shall open on Monday, 15th

April, 1996 at 8.30a.m. and shall close at 12.00 noon on Saturday,

27th April, 1996, or earlier at the discretion of the Accountant

General.

Laws of Malta — Subsidiary Legislation 388.3 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Reg. 3 Allotment policy. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE) Open official source

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

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

given to non-banking applicants.

Laws of Malta — Subsidiary Legislation 388.3 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Reg. 4 Trading on the Malta Stock Exchange. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE) Open official source

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

Laws of Malta — Subsidiary Legislation 388.3 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Reg. 5 Sum of money to be raised. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE) Open official source

The sum of money to be raised by the stock shall be

Lm10,000,000.

Laws of Malta — Subsidiary Legislation 388.3 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Reg. 6 Rate of contribution to sinking fund. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE) Open official source

On issue date, two parts out of every five of the total

balance standing to the credit of the sinking funds of the stocks

declared as being redeemed in the twelve treasury notices

published in the Government Gazette of 4th April, 1996 will be

transferred to the Sinking Fund 7.25% Malta Government Stock

2006 (II) established for the purpose of redeeming the stock. A

further half-yearly appropriation of not less than Lm100,000 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.

Laws of Malta — Subsidiary Legislation 388.3 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Reg. 7 Rate of interest and dates of payment. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE) Open official source

Interest at the rate of Lm3.625 for every Lm100 stock shall

pay 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 first

pro rata payment covering the period from the 28th April, 1996 to

the 1st August, 1996 shall be made on the 1st day of August, 1996.

Laws of Malta — Subsidiary Legislation 388.3 — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Reg. 8 Redemption of stock. — DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE) Open official source

The stock shall be redeemed at par on the 1st August, 2006.

DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM10,000,000 7.25% MALTA GOVERNMENT STOCK 2006 (SECOND ISSUE)

Table of Provisions (9)

Statutory Text (9 Articles)

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