L.S. 161.75 Direttiva mill-Prim Ministru u Ministru tal-Finanzi għall-Ħruġ ta' €10,337,759 7% Stock tal-Gvern ta' Malta 2017 (II)

ISSUE OF €10,337,759 7% MALTA GOVERNMENT STOCK 2017 (II) [ S.L.161.75 1 SUBSIDIARY LEGISLATION 161.75 DIRECTIVE BY THE PRIME MINISTER AND MINISTER OF FINANCE FOR THE ISSUE OF €10,337,759 7% MALTA GOVERNMENT STOCK 2017 (II) 15th June, 2007 LEGAL NOTICE 161 of 2007, as amended by Legal Notice 410 of

2. The title of this Directive is Directive by the Prime Minister and Minister of Finance for the Issue of €10,337,759 7% Malta Government Stock 2017 (II). Title. Substituted by: L.N. 410 of
4. The Stock which is negotiable and free of duty on documents shall be issued at the price of €100 per cent and shall be allotted to the Foundation for Church Schools in multiples of €100 on the 30th June,
5. Mode of issuing Stock. Amended by: L.N. 410 of
7. Interest in full will be payable in arrears half-yearly on the 30th June and on the 30th December in every year during the currency of the Stock. The rate of interest shall be revised upon the lapse of every period of two years, starting from the date of emission of such stock, in such a way as to maintain it at 1% lower than the normal maximum lending rate allowed at law, it being understood that it cannot fall below 7%. Rate of interest and dates of payment. Payment of interest will be made by warrant, which will be sent by post at the stockholder’s risk to the stockholder himself or to any branch of any local bank, person or body of persons to whom the stockholder has by a request in writing authorised the Accountant General to issue such warrant. No warrant shall be paid until the relative receipt has been duly signed and such receipt shall be a full discharge to the Accountant General and the Government for such payment. In cases where Stock is registered in the names of two or more persons as joint stockholders, the Accountant General may make payment in the manner above-mentioned to the person whose name first appears in the register. A receipt for the payment of interest given by one or two or more joint stockholders shall, unless notice in writing to the contrary has been received by the Accountant General from any other joint stockholder, be a full discharge to the Accountant General and the Government for the payment of such interest.
8. An application for the Stock to be put on the official list for trading on the Malta Stock Exchange will be made in terms of the Financial Markets Act. Such Stock may be freely sold to the public with the prior authorization of the Maltese Episcopal Conference. Trading on the Malta Stock Exchange. Cap.
10. The Stock and interest thereon will be a charge on the general revenue and assets of the Government of Malta. Charge on Government revenue and assets. 2 [ S.L.161.75 Redemption of Stock. ISSUE OF €10,337,759 7% MALTA GOVERNMENT STOCK 2017 (II)
11. The Stock shall be redeemed at a premium of 10% over the nominal value on such date between the 1st January, 2017 and the 31st December, 2017 (both dates inclusive) as shall be determined by the Accountant General and notified in the Government Gazzette.