S.L. 161.89 Art. 2Conversion of Stock. Cap. 161.

(1) The Minister of Finance, the Economy and Investment has declared Euro 200,000,000 out of the Euro 428,885,703 5.70% Malta Government Stock 2012 (III) which is due for repayment 30th September, 2012 to be convertible into registered stock to be issued under the provisions of the Local Loans (Registered Stock and Securities) Ordinance.

(2) The Minister has also authorised in terms of articles 31(b) and 32 of the said Ordinance that, for the conversion of Euro 200,000,000 out of the Euro 428,885,703 5.70% Malta Government Stock 2012 (III), a new 4.30% Malta Government Stock 2016 (IV) be created and issued as provided in this Directive.