CONVERSION INTO LM10,000,000 5.9% MALTA GOVERNMENT 
(CONVERSION) STOCK 2007 (SECOND ISSUE) FROM LM10,000,000 
6% MALTA GOVERNMENT STOCK 1999 (FIRST ISSUE) [ S.L.161.52 1
SUBSIDIARY LEGISLATION 161.52
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE CONVERSION INTO LM10,000,000 5.9% 
MALTA GOVERNMENT (CONVERSION) STOCK 
2007 (SECOND ISSUE) FROM LM10,000,000 6% 
MALTA GOVERNMENT STOCK 1999 
(FIRST ISSUE)
6th April, 1999
LEGAL NOTICE 66 of 1999. 
Title .
Finance for the Conversion into Lm10,000,000 5.9% Malta
Government (Conversion) Stock 2007 (Second Issue) from
Lm10,000,000 6% Malta Government Stock 1999 (First Issue).
Mode of issuing 
stock.
2. This stock shall be issued as set out in the prospectus. 
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
Lm10,000,000. 
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 1999 (I) will be
transferred to the Sinking Fund 5.9% Malta Government
(Conversion) Stock 2007 (II) established for the purpose of
redeeming the stock. A further half-yearly appropriation of not less
than Lm25,000 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 2000.
Rate of interest and 
dates of payment.
6. Interest at the rate of Lm2.95 for every Lm100 stock shall
be payable in arrear half-yearly on the 23rd April and the 23rd of
October of every year during the currency of the stock. The first
payment covering the period from the 24th April, 1999 to the 23rd
October, 1999 shall be made on the 23rd day of October, 1999.
Redemption of 
stock.
7. The stock shall be redeemed at par on the 23rd April, 2007.
