DIRECTIVE BY THE MINISTER OF FINANCE AND COMMERCE FOR THE ISSUE OF LM5,000,000 6.65% MALTA GOVERNMENT STOCK 2000

ISSUE OF LM5,000,000 6

.65% MALTA GOVERNMENT STOCK 2000 (SIXTH ISSUE)

SUBSIDIARY LEGISLATION 393.01

DIRECTIVE BY THE MINISTER OF FINANCE AND

COMMERCE FOR THE ISSUE OF LM5,000,000

6.65% MALTA GOVERNMENT STOCK 2000

(SIXTH ISSUE)

26th September, 1997

LEGAL NOTICE 144 of 1997.

The title of this Directive is Directive by the Minister of

Finance and Commerce for the Issue of Lm5,000,000 6.65% Malta

Government Stock 2000 (Sixth Issue).

The stock shall be issued at the price of Lm 100 per cent

and shall be allotted by application in multiples of Lm100.

Applications for the allotment of stock shall open on Monday, 6th

October, 1997 at 8.30a.m. and shall close at 12.00 noon on

Saturday, 18th October, 1997 or earlier at the discretion of the

Accountant General.

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.

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.

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

Lm5,000,000.

On closing date, one part 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 six treasury notices published in

t h e G o v e r n m e n t G a z e t t e o f 2 6 t h S e p t e m b e r, 1 9 9 7 w i l l b e

transferred to the Sinking Fund 6.65% Malta Government Stock

2000 (VI) established for the purpose of redeeming the stock. A

further half yearly appropriation of not less than Lm50,000 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 latter six months of the year

1998.

Interest at the rate of Lm3.325 for every Lm100 stock shall

be payable in arrear half-yearly on the 30th March and the 30th of

September of every year during the currency of the stock. The first

pro rata payment covering the period from the 19th October, 1997

to the 30th March, 1998 shall be made on the 30th day of March,

1998.

The stock shall be redeemed at par on the 30th September,

2000.