ISSUE OF EURO 50,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.130 1 SUBSIDIARY LEGISLATION 161.130 DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 50,000,000 MALTA GOVERNMENT STOCKS 10th September, 2013 LEGAL NOTICE 268 of 2013. 1. The title of this directive is Directive by the Minister of Finance, the Economy and Investment for the issue of Euro 50,000,000 Malta Government Stocks. Citation. 2. An amount of Euro 50,000,000 Malta Government Stocks shall be issued as follows: Issuing of Stock. (
- a)Floating Rate Malta Government Stock 2018 (VI) linked to the six-month Euribor, and (
- b)Floating Rate Malta Government Stock 2019 (IV) linked to the six-month Euribor, or (
- c)any combination of the above two Stocks which shall in the aggregate be Euro 50,000,000. 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. In terms of the Financial Markets Act, when these Stocks have been allotted, an application shall be made for each Stock to be placed on the official list and for trading on the Malta Stock Exchange. Trading on the Malta Stock Exchange. Cap. 345. 6. The sum of money to be raised by either Stock, or of any combination of the two Stocks, shall in the aggregate be Euro 50,000,000. The Accountant General reserves the right to increase the sum of money to be raised by a maximum of Euro 30,000,000. Sum of money to be raised. 7.
(1)Interest on the Floating Rate Malta Government Stock 2018 (VI) linked to the six-month Euribor shall be paid at the rate linked to the six-month Euribor in effect on the applicable interest determination date, plus a spread of 90 basis points (bps) calculated on Day Count Fraction (Actual/360) for every Euro 100. The spread of 90bps is fixed and applicable until the maturity of the Stock. Rate of interest and dates of payment.
(2)Interest on the Floating Rate Malta Government Stock 2019 (IV) linked to the six-month Euribor shall be paid at the rate linked to the six-month Euribor in effect on the applicable interest determination date, plus a spread of 100 basis points (bps) calculated on Day Count Fraction (Actual/360) for every Euro 100. The spread of 100bps is fixed and applicable until the maturity of 2 [ S.L.161.130 ISSUE OF EURO 50,000,000 MALTA GOVERNMENT STOCKS the Stock.
(3)Interest on the Floating Rate Malta Government Stock 2018 (VI) linked to the six-month Euribor shall be payable half yearly in arrears on the 25th of March and 25th of September in every year for the duration of the Stock.
(4)Interest on the Floating Rate Malta Government Stock 2019 (IV) linked to the six-month Euribor shall be payable half yearly in arrears on the 25th of March and 25th of September in every year for the duration of the Stock.
(5)The first interest payment in respect both Stocks mentioned in sub-articles
(1)and
(2)covering the period from the 25th September, 2013 to the 24th March, 2014 (both days inclusive) shall be made on the 25th day of March, 2014. Redemption of Stock. 8.
(1)The Floating Rate Malta Government Stock 2018 (VI) linked to the six-month Euribor shall be redeemed at par on the 25th September, 2018.
(2)The Floating Rate Malta Government Stock 2019 (IV) linked to the six-month Euribor shall be redeemed at par on the 25th March, 2019.