CONVERSION INTO LM5,000,000 6.15% MALTA GOVERNMENT (CON-
VERSION) STOCK 2001 (FIFTH ISSUE - 2ND TRANCHE) FROM 
LM5,000,000 5.65% MALTA GOVERNMENT STOCK 1998 (FOURTH ISSUE) [ S.L.161.51 1
SUBSIDIARY LEGISLATION 161.51
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE CONVERSION INTO LM5,000,000 6.15% 
MALTA GOVERNMENT (CONVERSION) STOCK 
2001 (FIFTH ISSUE - 2ND TRANCHE) FROM 
LM5,000,000 5.65% MALTA GOVERNMENT STOCK 
1998 (FOURTH ISSUE)
3rd November, 1998
LEGAL NOTICE 239 of 1998. 
Title .
Finance for the Conversion into Lm5,000,000 6.15% Malta
Government (Conversion) Stock 2001 (Fifth Issue - 2nd Tranche)
from Lm5,000,000 5.65% Malta Government Stock 1998 (Fourth
Issue).
Mode of issuing 
stock. 
2. The stock shall be issued at the price of Lm100 percent and
shall be allotted by application in multiples of Lm100. Applications
for the allotment of stock by the present holders of the 5.65% Malta
Government Stock 1998 (IV) shall close at 12.00 noon on
Wednesday, 18th November, 1998.
Trading on an 
exchange. 
Cap. 345.
3. ( a ) 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.
( b ) On 19th May, 1999 after the payment of the first
dividend, this Stock shall be integrated with the 6.15%
Malta Government Stock 2001 (V) and shall thereafter
both be deemed to be one stock.
Sum of money to 
be raised.
4. The sum of money to be raised by the stock shall be
Lm5,000,000 
Rate of 
contribution to 
sinking fund.
5. On closing date the balance standing to the credit of the
Sinking Fund of 5.65% Malta Government Stock 1998 (IV) will be
transferred to the Sinking Fund 6.15% Malta Government
(Conversion) Stock 2001 (V - 2nd Tranche) established for the
purpose of redeeming the stock. A further half-yearly appropriation
of not less than Lm50,000 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
November of every year during the currency of the stock. The first
payment covering the period from the 20th November, 1998 to the
19th May, 1999 shall be made on the 19th day of May, 1999.
2 [ S.L.161.51
CONVERSION INTO LM5,000,000 6.15% MALTA GOVERNMENT (CON-
VERSION) STOCK 2001 (FIFTH ISSUE - 2ND TRANCHE) FROM 
LM5,000,000 5.65% MALTA GOVERNMENT STOCK 1998 (FOURTH ISSUE)
Redemption of 
stock.
7. The stock shall be redeemed at par on the 19th November,
2001.
