ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.129 1 SUBSIDIARY LEGISLATION 161.129 DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS 19th October, 2012 LEGAL NOTICE 352 of 2012. 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)3.75% Malta Government Stock 2017 (IV) Fungibility Issue, and (
- b)4.3% Malta Government Stock 2022 (II) Fungibility Issue, and (
- c)4.8% Malta Government Stock 2028 (I), or (
- d)any combination of the above three 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 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 20 th February, 2013 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) F.I. shall be integrated with the existing issue of this Stock and thereafter shall be deemed to be one Stock.
(3)On the 15th May, 2013 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 11 th March, 2013 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 4 . 8 % M a l t a Go v e r n m e n t St o c k 2 0 2 8 ( 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 Sum of money to be raised. 2 [ S.L.161.129 ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS combination of the three 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 40,000,
- Rate of interest and dates of payment. 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 20 th day of February and the 20 th 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 2 nd day of November, 2012 to the 19th day of February, 2013 (both dates inclusive), shall be made on the 20 th day of February, 2013; (
- 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 7 th day of November 2012 to the 19th day of February, 2013 (both dates inclusive), shall be made on the 20 th day of February, 2013.
(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 15 th day of May and the 15 th 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 2 nd day of November, 2012 to the 14 th day of May, 2013 (both dates inclusive), shall be made on the 15 th day of May, 2013; (
- 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 7 th day of November 2012 to the 14 th day of May, 2013 (both dates inclusive), shall be made on the 15th day of May, 2013.
(3)Interest at the rate of Euro 2.400 for every Euro 100 in respect of the 4.8% Malta Government Stock 2028 (I) shall be payable half-yearly in arrears on the 11 th day of March and the 11 th 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 2 nd day of November, 2012 to the 10th day of March, 2013 (both dates inclusive), shall be made on the 11 th day of March, 2013; (
- b)the first pro rata interest payment in respect of the allotted amount from bids/applications submitted by ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.129 institutional investors covering the period from the 7 th day of November, 2012 to the 10 th day of March, 2013 (both dates inclusive), shall be made on the 11th day of March, 2013. 8.
(1)The 3.75% Malta Government Stock 2017 (IV) shall be redeemed at par on the20 th August, 2017.
(2)The 4.3% Malta Government Stock 2022 (II) shall be redeemed at par on the15 th May, 2022.
(3)The 4.8% Malta Government Stock 2028 (I) shall be redeemed at par on the 11 th September, 2028. Redemption of Stock. 3