CONVERSION INTO LM1,000,000 5.4% MALTA 
GOVERNMENT STOCK 1997 (SECOND ISSUE) FROM 
LM1,000,000 5.5% REGISTERED DEBENTURE 1994 [ S.L.161.39 1
SUBSIDIARY LEGISLATION 161.39
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE CONVERSION INTO LM1,000,000 5.4% MALTA 
GOVERNMENT STOCK 1997 (SECOND ISSUE) 
FROM LM1,000,000 5.5% REGISTERED 
DEBENTURE 1994
31st May, 1994
LEGAL NOTICE 62 of 1994.
Title .
Finance for the Conversion into Lm1,000,000 5.4% Malta
Government Stock 1997 (Second Issue) from Lm1,000,000 5.5%
Registered Debenture 1994.
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 5.5% Registered Debentures
1994 shall open at 9.00 a.m. on Wednesday, 1st June,
1994, and close at 12.00 noon on Monday, 6th June,
1994.
( b ) Any remaining balance of the 5.4% Malta Government
(Conversion) Stock 1997 not taken up by the present
holders of the 5.5% Registered Debentures 1994 will
be allotted to the Central Bank of Malta who is
underwriting this issue.
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.
Sum of money to 
be raised.
4. The sum of money to be raised by the stock shall be
Lm1,000,000
Rate of 
contribution to 
sinking fund.
5. On conversion date, the balance of Lm322,525 and 89
cents standing to the credit of Sinking Fund 5.5% Registered
Debenture, 1994 will be transferred to Sinking Fund 5.4% Malta
Government (Conversion) Stock 1997. Thereafter an annual
appropriation of not less then Lm10,000 out of the general revenue
and assets of the Government of Malta will be made as a
contribution to the sinking fund. The first contribution shall be
made during the year 1995.
Rate of interest and 
dates of payment.
6. Interest shall be payable in arrear half-yearly on the 15th
day of June and the 15th day of December in every year during the
currency of the stock. The first payment of Lm2.70c per Lm100
stock covering the period from the 15th day of June, 1994 to the
14th day of December, 1994, shall be made on the 15th day of
December, 1994.
2 [ S.L.161.39
CONVERSION INTO LM1,000,000 5.4% MALTA 
GOVERNMENT STOCK 1997 (SECOND ISSUE) FROM 
LM1,000,000 5.5% REGISTERED DEBENTURE 1994
Redemption of 
stock.
7. The stock shall be redeemed at par on 15th June, 1997.
