ISSUE OF LM11,800,000 6.75% 
MALTA GOVERNMENT STOCK 1997 [ S.L.161.30 1
SUBSIDIARY LEGISLATION 161.30
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE ISSUE OF LM11,800,000 6.75% MALTA 
GOVERNMENT STOCK 1997
FIRST ISSUE
15th December, 1992
LEGAL NOTICE 122 of 1992.
Title .
Finance for the issue of Lm11,800,000 6.75% Malta Government
Stock 1997.
Mode of issuing 
stock.
2. 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 Friday, 18th
December, 1992 at 9.00 a.m. and shall close at 12.00 noon on
Tuesday, the 29th December, 1992 or earlier at the discretion of the
Accountant General.
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 such stock has been fully
subscribed.
S um of money to 
be raised.
4. The sum of money to be raised by the stock shall be
Lm11,800,000.
Rate of interest and 
dates of payment.
5. Interest shall be payable in arrear half-yearly on the 3rd
day of April and the 3rd day of October of every year during the
currency of the stock. The first payment covering the period from
the 30th day of December, 1992 to the 3rd day of April, 1993, shall
be made on the 3rd day of April, 1993.
Rate of 
contribution to 
sinking fund.
6. A 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 the sinking fund established for the
purpose of redeeming the stock. The first contribution shall be
made within three years from the 29th day of December, 1992.
Redemption of 
stock. 
7.  The stock shall be redeemed at the rate of Lm100 for every
Lm100 stock on such date between the 1st day of January, 1997 and
the 31st day of December, 1997 (both dates inclusive) as shall be
determined by the Accountant General and notified in the
Government Gazette.
