ISSUE (No. 2) OF EURO 100,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.123 1 SUBSIDIARY LEGISLATION 161.123 DIRECTIVE (No. 2) BY THE MINISTER OF FINANCE, THE ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS 16th July, 2010 LEGAL NOTICE 362 of 2010. 1. The title of this Directive is Directive (No. 2) by the Minister of Finance, the Economy and Investment for the Issue of Euro 100,000,000 Malta Government Stocks. Title. 2. An amount of Euro 100,000,000 Malta Government Stocks shall be issued as follows: Issuing of Stock. (
- a)3.75% Malta Government Stock 2015 (VI) Fungibility issue, and (
- b)5.25% Malta Government Stock 2030 (I) Fungibility issue, or (
- c)any combination of the above two Stocks which shall in the aggregate be Euro 100,000,000. 3. The Stocks shall be issued as set out in the prospectus. Mode of issuing Stocks. 4. All persons and, or entities are eligible to apply for these Stocks. Allotment will be applied as set out in the prospectus. Allotment policy. 5.
(1)In terms of the Financial Markets Act, when these Stocks have been allotted, an application shall be made for the respective Stock to be placed on the official list and for trading on the Malta Stock Exchange. Trading on the Malta Stock Exchange. Cap. 345.
(2)On the 3rd December, 2010 after the payment of the first interest, any amount allotted under 3.75% Malta Government Stock 2015 (VI) FI shall be integrated with the existing issue of this Stock and shall thereafter both be deemed to be one Stock.
(3)On the 23rd December, 2010 after the payment of the first interest, any amount allotted under 5.25% Malta Government Stock 2030 (I) FI shall be integrated with the existing issue of this Stock and shall thereafter both be deemed to be one Stock.
- The sum of money to be raised by either Stock, or of any combination of the two Stocks shall in the aggregate be Euro 100,000,
- The Accountant General reserves the right to increase the sum of money to be raised by a maximum of Euro 50,000,
- Sum of money to be raised. 7.
(1)Interest at the rate of Euro 1.875 for every Euro 100 in respect of the 3.75% Malta Government Stock 2015 (VI) shall be payable half-yearly in arrears on the 3rd day of June and the 3rd day of December in every year for the duration of the Stock. The first pro rata interest payment covering the period from the 11th Rate of interest and dates of payment. 2 [ S.L.161.123 ISSUE (No. 2) OF EURO 100,000,000 MALTA GOVERNMENT STOCKS day of August, 2010 to the 2nd day of December, 2010 (both dates inclusive), shall be made on the 3rd day of December, 2010.
(2)Interest at the rate of Euro 2.625 for every Euro 100 in respect of the 5.25% Malta Government Stock 2030 (I) shall be payable half-yearly in arrears on the 23rd day of June and the 23rd day of December in every year for the duration of the Stock. The first pro rata interest payment covering the period from the 11th day of August, 2010 to the 22nd day of December, 2010 (both dates inclusive) shall be made on the 23rd day of December, 2010. Redemption of Stock. 8.
(1)The 3.75% Malta Government Stock 2015 (VI) shall be redeemed at par on the 3rd December, 2015.
(2)The 5.25% Malta Government Stock 2030 (I) shall be redeemed at par on the 23rd June, 2030.