ISSUE OF EURO 120,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.127 1 SUBSIDIARY LEGISLATION 161.127 DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 MALTA GOVERNMENT STOCKS 5th June, 2012 LEGAL NOTICE 201 of 2012. 1. The title of this directive is Directive by the Minister of Finance, the Economy and Investment for the issue of Euro 120,000,000 Malta Government Stocks. Citation. 2. An amount of Euro 120,000,000 Malta Government Stocks shall be issued as follows: Issuing of Stock. (
- a)3.75% Malta Government Stock 2017 (IV), and (
- b)4.3% Malta Government Stock 2022 (II) Fungibility issue, and (
- c)5.1% Malta Government Stock 2029 (I), or (
- d)any combination of the above three Stocks which shall in the aggregate be Euro 120,000,000. 3. These 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 20th August, 2012 after the payment of the first interest as indicated in article 7
(1)(a) and (b), any amount allotted under the 3.75% Malta Government Stock 2017 (IV) shall be integrated and thereafter both shall be deemed to be one Stock.
(3)On the 15th November, 2012 after the payment of the first interest as indicated in article 7
(2)(a) and (b), any amount allotted under the 4.3% Malta Government Stock 2022 (II) F.I. shall be integrated with the existing issue of this Stock and thereafter shall be deemed to be one Stock.
(4)On the 1st October 2012 after the payment of the first interest as indicated in article 7
(3)(a) and (b), any amount allotted u nd e r t h e 5 . 1 % M a l t a Go v e r n m e n t St o c k 2 0 2 9 ( I ) s h a l l b e 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 three Stocks shall in the aggregate be Euro 120,000,
- The Accountant General reserves the right to increase the sum of money to be raised by a maximum of Euro 60,000,
- Sum of money to be raised. 2 [ S.L.161.127 Rate of interest and dates of payment. ISSUE OF EURO 120,000,000 MALTA GOVERNMENT STOCKS 7.
(1)Interest at the rate of Euro 1.875 for every Euro 100 in respect of the 3.75% Malta Government Stock 2017 (IV) shall be payable half-yearly in arrears on the 20th day of February and the 20th day of August 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 22nd day of June, 2012 to the 19th day of August, 2012 (both dates inclusive), shall be made on the 20th day of August, 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 27th day of June 2012 to the 19th day of August, 2012 (both dates inclusive), shall be made on the 20th day of August, 2012.
(2)Interest at the rate of Euro 2.150 for every Euro 100 in respect of the 4.3% Malta Government Stock 2022 (II) shall be payable half-yearly in arrears on the 15th day of May and the 15th day of November 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 22nd day of June, 2012 to the 14th day of November, 2012 (both dates inclusive), shall be made on the 15th day of November, 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 27th day of June 2012 to the 14th day of November, 2012 (both dates inclusive), shall be made on the 15th day of November, 2012.
(3)Interest at the rate of Euro 2.550 for every Euro 100 in respect of the 5.1% Malta Government Stock 2029 (I) shall be payable half-yearly in arrears on the 1st day of April and the 1st day of October 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 22nd day of June, 2012 to the 30th day of September, 2012 (both dates inclusive), shall be made on the 1st day of October, 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 27th day of June, 2012 to the 30th day of September, 2012 (both dates inclusive), shall be made on the 1st day of October, 2012. Redemption of Stock. 8.
(1)The 3.75% Malta Government Stock 2017 (IV) shall be redeemed at par on the 20th August, 2017. ISSUE OF EURO 120,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.127
(2)The 4.3% Malta Government Stock 2022 (II) shall be redeemed at par on the 15th May 2022.
(3)The 5.1% Malta Government Stock 2029 (I) shall be redeemed at par on the 1st October 2029. 3