CONVERSION INTO LM17,600,000 6.15% MALTA GOVERNMENT 
(CONVERSION) STOCK 2001 (FIFTH ISSUE) FROM LM17,600,000 
6% MALTA GOVERNMENT STOCK 1998 (SIXTH ISSUE) _g S.L.161.50 1
SUBSIDIARY LEGISLATION 161.50
DIRECTIVE BY THE MINISTER OF FINANCE AND 
COMMERCE FOR THE CONVERSION INTO 
LM17,600,000 6.15% MALTA GOVERNMENT 
(CONVERSION) STOCK 2001 (FIFTH ISSUE) FROM 
LM17,600,000 6% MALTA GOVERNMENT STOCK 
1998 (SIXTH ISSUE)
3rd September, 1998
LEGAL NOTICE 221 of 1998. 
Title .
Finance and Commerce for the Conversion into Lm17,600,000
6.15% Malta Government (Conversion) Stock 2001 (Fifth Issue)
from Lm17,600,000 6% Malta Government Stock 1998 (Sixth
Issue).
Mode of issuing 
stock.
2. ( a ) 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 by the
present holders of the 6% Malta Government Stock
1998 (VI) shall open on Tuesday, 22nd September,
1998 at 8.00 a.m. and shall close at 12.00 noon on
Friday, 25th September, 1998.
( b ) Any remaining balance of the 6.15% Malta
Government (Conversion) Stock 2001 (V) not taken up
by the present holders of the 6% Malta Government
Stock 1998 (VI) will be allotted to the Bank of Valletta
plc. at Lm99.9064 per Lm100 nominal stock and the
remaining Lm0.0936 per Lm100 nominal stock will be
met out of the sinking fund.
Trading on an 
exchange. 
Cap. 345. 
3. An application for the stock to be put on the official list
and trading on a recognised stock exchange will be made in terms
of the Financial Markets Act, when the stock has been allotted.
Sum of money to 
be raised.
4. The sum of money to be raised by the stock shall be
Lm17,600,000.
Rate of 
contribution to 
sinking fund. 
5.   On closing date the balance standing to the credit of the
Sinking Fund of 6% Malta Government Stock 1998 (VI) will be
transferred to the Sinking Fund 6.15% Malta Government
(Conversion) Stock 2001 (V) established for the purpose of
redeeming the stock. A further half-yearly appropriation of not less
than Lm176,000 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 1999.
Rate of interest and 
dates of payment.
6. Interest at the rate of Lm3.075 for every Lm100 stock shall
be payable in arrear half-yearly on the 19th May and the 19th of
2 _g S.L.161.50
CONVERSION INTO LM17,600,000 6.15% MALTA GOVERNMENT 
(CONVERSION) STOCK 2001 (FIFTH ISSUE) FROM LM17,600,000 
6% MALTA GOVERNMENT STOCK 1998 (SIXTH ISSUE)
November of every year during the currency of the stock. The first
pro rata  payment covering the period from the 1st October, 1998 to
the 19th May, 1999 shall be made on the 19th day of May, 1999.
Redemption of 
stock.
7. The stock shall be redeemed at par on the 19th November,
2001.
