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Budget Measures Implementation Act, 2003 (Act No. Ii Of 2003) (L.N. No. 60 Of 2003 )

BUDGET MEASURES IMPLEMENTATION ACT, 2003 (ACT NO. II OF 2003)
LOCAL LOANS
(REGISTERED STOCK AND SECURITIES) ORDINANCE (CAP. 161)
Directive by the Minister of Finance
for the Issue of an amount not exceeding Lm20,000,000
5.9% Malta Government Stock 2015 (Second Issue)
Fungibility Issue
IN exercise of the powers conferred by the Budget Measures Implementation Act, 2003 and by article 4(1)(a) of the Local Loans (Registered Stock and Securities) Ordinance, Cap. 161, the Minister of Finance has authorised that the sum of Lm20,000,000 5.9 % Malta Government Stock be added and issued as follows>–
1. This Stock shall be issued as set out in the prospectus.
2. All persons and#or entities are eligible to apply for this Stock. Allotment will be applied as set out in the prospectus.
3. (a) In terms of the Malta Stock Exchange Act, when the Stock has been allotted, an application shall be made for the Stock to be placed on the official list and for trading on the Malta Stock Exchange.
(b) On the 9th April, 2003 after the payment of the first dividend, this Stock will be integrated with the existing issue –
5.9% Malta Government Stock 2015 (II) and shall thereafter both be deemed to be one Stock.
4. The sum of money to be raised by the Stock shall not exceed
Lm20,000,000.

Mode of issuing

Stock.

Allotment Policy.

Trading on the Malta Stock Exchange, Cap.

345.

Sum of money to be raised.

B 886

Rate of interest and dates of payment.

Redemption of

Stock.

5. Interest at the rate of Lm2.95,0 for every Lm100 Stock will be payable half-yearly in arrear on the 9th day of April and on the
9th day of October in every year for the duration of the Stock. The first payment, pro-rata, covering the period from the 22nd day of February, 2003 to the 9th day of April, 2003 shall be made on the
9th day of April, 2003.
6. The Stock shall be redeemed at par on the 9th October, 2015.

Ippubblikat mid-Dipartiment ta’ l-Informazzjoni – 3, Pjazza Kastilja – Published by the Department of Information – 3, Castille Place

Mitbug[ fl-Istamperija tal-Gvern – Printed at the Government Printing Press

Prezz 4c – Price 4c