ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.126 1 SUBSIDIARY LEGISLATION 161.126 DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS 4th November, 2011 LEGAL NOTICE 430 of 2011. 1. The title of this directive is Directive by the Minister of Finance, the Economy and Investment for the issue of Euro 100,000,000 Malta Government Stocks. Citation. 2. An amount of Euro 100,000,000 Malta Government Stocks shall be issued as follows: Issuing of Stock. (
- a)4.25% Malta Government Stock 2017 (III) Fungibility issue, and (
- b)5.2% Malta Government Stock 2031 (I), or (
- c)any combination of the above two Stocks which shall in the aggregate be Euro 100,000,000. 3. These Stocks shall be issued as set out in the prospectus. Mode of issuing Stock. 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 6th May, 2012 after the payment of the first interest as indicated in articles 7
(1)(a) and 7
(1)(b), any amount allotted under 4.25% Malta Government Stock 2017 (III) FI shall be integrated with the existing issue of this Stock and thereafter both shall be deemed to be one Stock.
(3)On the 16th March, 2012 after the payment of the first interest as indicated in articles 7
(2)(a) and 7
(2)(b), any amount allotted under 5.2% Malta Government Stock 2031 (I) shall be integrated and thereafter both shall 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 44,000,
- Sum of money to be raised. 7.
(1)Interest at the rate of Euro 2.125 for every Euro 100 in respect of the 4.25% Malta Government Stock 2017 (III) shall be payable half-yearly in arrears on the 6th day of May and the 6th day of November in every year for the duration of the Stock: Rate of interest and dates of payment. (
- a)the first pro rata interest payment in respect of the 2 [ S.L.161.126 ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS allotted amount from applications submitted by members of the public covering the period from the 21st day of November, 2011 to the 5th day of May, 2012 (both dates inclusive), shall be made on the 6th day of May, 2012; (
- b)the first pro rata interest payment in respect of the allotted amount from bids/applications submitted by institutional investors covering the period from the 23rd day of November, 2011 to the 5th day of May, 2012 (both dates inclusive), shall be made on the 6th day of May, 2012.
(2)Interest at the rate of Euro 2.600 for every Euro 100 in respect of the 5.2% Malta Government Stock 2031 (I) shall be payable half-yearly in arrears on the 16th day of March and the 16th day of September in every year for the duration of the Stock: (
- a)the first pro rata interest payment in respect of the allotted amount from applications submitted by members of the public covering the period from the 21st day of November, 2011 to the 15th day of March, 2012 (both dates inclusive), shall be made on the 16th day of March, 2012; (
- b)the first pro rata interest payment in respect of the allotted amount from bids/applications submitted by institutional investors covering the period from the 23rd day of November, 2011 to the 15th day of March, 2012 (both dates inclusive), shall be made on the 16th day of March, 2012. Redemption of Stock. 8.
(1)The 4.25% Malta Government Stock 2017 (III) shall be redeemed at par on the 6th November, 2017.
(2)The 5.2% Malta Government Stock 2030 (I) shall be redeemed at par on the 16th September, 2031.