CONVERSION INTO LM10,000,000 7.2% MALTA GOVERNMENT 
(CONVERSION) STOCK 2008 (FIRST ISSUE) FROM LM10,000,000 
6% MALTA GOVERNMENT STOCK 1998 (FIFTH ISSUE) [ S.L.161.49 1
SUBSIDIARY LEGISLATION 161.49
DIRECTIVE BY THE MINISTER OF FINANCE AND 
COMMERCE FOR THE CONVERSION INTO 
LM10,000,000 7.2% MALTA GOVERNMENT 
(CONVERSION) STOCK 2008 (FIRST ISSUE) FROM 
LM10,000,000 6% MALTA GOVERNMENT STOCK 
1998 (FIFTH ISSUE)
15th May, 1998
LEGAL NOTICE 132 of 1998. 
Title .
Finance and Commerce for the Conversion into Lm10,000,000
7.2% Malta Government (Conversion) Stock 2008 (First Issue)
from Lm10,000,000 6% Malta Government Stock 1998 (Fifth
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 (V) shall open on Wednesday, 3rd June, 1998 at
8.30 a.m. and shall close at 12.00 noon on Monday, 8th
June, 1998.
( b ) Any remaining balance of the 7.2% Malta Government
(Conversion) Stock 2008 (I) not taken up by the
present holders of the 6% Malta Government Stock
1998 (V) will be allotted to the Central Bank of Malta
for market making purposes.
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 1998 (V) will be
transferred to the Sinking Fund 7.2% Malta Government
(Conversion) Stock 2008 (I) established for the purpose of
redeeming the stock. A further 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 this same
sinking fund. The first contribution shall be made during the first
six months of the year 1999.
Rate of interest and 
dates of payment.
6. Interest at the rate of Lm3.60 for every Lm100 stock shall
be payable in arrear half-yearly on the 10th December and the 10th
of June of every year during the currency of the stock. The first
payment covering the period from the 11th June, 1998 to the 10th
2 [ S.L.161.49
CONVERSION INTO LM10,000,000 7.2% MALTA GOVERNMENT 
(CONVERSION) STOCK 2008 (FIRST ISSUE) FROM LM10,000,000 
6% MALTA GOVERNMENT STOCK 1998 (FIFTH ISSUE)
December, 1998 shall be made on the 10th day of December, 1998.
Redemption of 
stock.
7. The stock shall be redeemed at par on the 10th June, 2008.
