DIRECTIVE BY THE MINISTER OF FINANCE FOR THE ISSUE OF LM15,000,000 5.6% MALTA GOVERNMENT STOCK 2005
Table of Provisions (8)
Statutory Text (8 Articles)
ISSUE OF LM15,000,000 5.6% MALTA GOVERNMENT
STOCK 2005 (SECOND ISSUE - 2ND TRANCHE)
SUBSIDIARY LEGISLATION 407.01
DIRECTIVE BY THE MINISTER OF FINANCE FOR
THE ISSUE OF LM15,000,000 5.6% MALTA
GOVERNMENT STOCK 2005
(SECOND ISSUE - 2ND TRANCHE)
3rd August, 1999
LEGAL NOTICE 133 of 1999.
The title of this Directive is Directive by the Minister of
Finance for the Issue of Lm15,000,000 5.6% Malta Government
Stock 2005 (Second Issue - 2nd Tranche).
This stock shall be issued as set out in the prospectus.
All persons and/or entities are eligible to apply for this
Stock. Allotment will be applied and set out in the prospectus.
(a) An application for the stock to be placed on the official
list and for trading on the Malta Stock Exchange will
be made in terms of the Malta Stock Exchange Act,
when the stock has been allotted.
(b) On 1st February, 2000 after the payment of the first
dividend, this stock shall be integrated with the
existing 5.6% Malta Government Stock 2005 (II) and
shall thereafter both be deemed to be one stock.
The sum of money to be raised by the stock shall be
Lm15,000,000.
Interest at the rate of Lm2.80 for every Lm100 stock will
be payable half-yearly in arrear on the 1st day of February and on
the 1st day of August in every year for the duration of the stock.
The first payment pro rata, covering the period from the 2nd day of
September, 1999 to the 1st day of February, 2000 shall be made on
the 1st day of February, 2000.
The stock shall be redeemed at par on the 1st August, 2005.