S.L. 161.96 Art. 2Conversion of stock. Cap. 161.

(a) The Minister for Finance has declared Euro

150,000,000 out of the Euro 388,915,541 5.1% Malta Government Stock 2014 (III) which is due for repayment on the 6th July, 2014 to be convertible into registered stock to be issued under the provisions of the Local Loans (Registered Stock and Securities) Ordinance.

(b) The Minister has also authorised in terms of articles 31(b) and 32 of the same Ordinance that, for the conversion of Euro 150,000,000 out of the Euro 388,915,541 5.1% Malta Government Stock 2014 (III), the issuance of: 3.2% Malta Government Stock 2019 (V) and 3.35% Malta Government Stock 2020 (IV) hereinafter the ‘Destination Stocks’ (Conversion Stocks) be created and issued in accordance with the provisions of this Directive.