ISSUE OF LM10,000,000 7% 
MALTA GOVERNMENT STOCK 2003 [ S.L.161.33 1
SUBSIDIARY LEGISLATION 161.33
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE ISSUE OF LM10,000,000 7% MALTA 
GOVERNMENT STOCK 2003
1st June, 1993
LEGAL NOTICE 76 of 1993.
Title .
Finance for the issue of Lm10,000,000 7% Malta Government
Stock 2003.
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 Saturday, 5th
June, 1993, at 9.00 a.m. and shall close at 12.00 noon on Saturday,
the 3rd July, 1993 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.
Sum of money to 
be raised. 
4.   The sum of money to be raised by the stock shall be
Lm10,000,000.
Rate of interest and 
dates of payment.
5. Interest shall be payable in arrear half-yearly on the 3rd
day of July and the 3rd day of January of every year during the
currency of the stock. The first payment covering the period from
the 4th day of July, 1993 to the 3rd day of January, 1994, shall be
made on the 3rd day of January, 1994.
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 3rd day of July, 1993.
R edemption 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, 2003 and
the 31st day of December, 2003 (both dates inclusive) as shall be
determined by the Accountant General and notified in the
Government Gazette.
