ISSUE OF LM18,700,000 6.7% 
MALTA GOVERNMENT STOCK 2004 ġ S.L.161.38 1
SUBSIDIARY LEGISLATION 161.38
DIRECTIVE BY THE MINISTER OF FINANCE FOR 
THE ISSUE OF LM18,700,000 6.7% MALTA 
GOVERNMENT STOCK 2004
FIRST ISSUE
29th March, 1994
LEGAL NOTICE 40 of 1994.
Title .
Finance for the Issue of Lm18,700,000 6.7% Malta Government
Stock 2004.
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 Monday, 4th
April, 1994, at 9.00 a.m. and shall close at 12.00 noon on Saturday,
23rd April, 1994, or earlier at the discretion of the Accountant
General.
Allotment policy.
with preference being given to non banking applicants.
Trading on an 
exchange.
Cap. 345.
4.  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.
5. The sum of money to be raised by the stock shall be
Lm18,700,000.
Rate of interest and 
dates of payment.
6. Interest shall be payable in arrear half-yearly on the 23rd
day of April and the 23rd day of October of every year during the
currency of the stock. The first payment covering the period from
the 24th day of April, 1994 to the 23rd day of October, 1994, shall
be made on the 23rd day of October, 1994.
Rate of 
contribution to 
sinking fund.
7. An annual appropriation of not less than Lm374,000 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 during the year 1996.
Redemption of 
stock.
8. The stock shall be redeemed at the rate of Lm100 for every
Lm100 stock on the 23rd April, 2004.
