ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS (JULY) [ S.L.161.133 1 SUBSIDIARY LEGISLATION 161.133 DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS (JULY) 15th July, 2014 LEGAL NOTICE 249 of 2014. 1. The title of this directive is Directive by the Minister for Finance for the issue of Euro 100,000,000 Malta Government Stocks (July). 2. An amount of Euro 100,000,000 Malta Government Stocks shall be issued as follows: Citation. Issuing of Stock. (
- a)2% Malta Government Stock 2020 (V), and (
- b)4.1% Malta Government Stock 2034 (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. 4. All persons and, or entities are eligible to apply for these Stocks. Allotment will be applied as set out in the prospectus. 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. Mode of issuing Stocks. Allotment Policy. Trading on the Malta Stock Exchange. Cap. 345.
(2)On the 26th September, 2014 after the payment of the first interest as indicated in article 7
(1)(a) and (b), any amount allotted under the 2% Malta Government Stock 2020 (V) shall be integrated and thereafter both shall be deemed to be one Stock.
(3)On the 18th October, 2014 after the payment of the first interest as indicated in article 7
(2)(a) and (b), any amount allotted u nd e r t h e 4 . 1 % M a l t a Go v e r n m e n t St o c k 2 0 3 4 ( 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 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 80,000,
- 7.
(1)Interest at the rate of Euro 1.00 for every Euro 100 in respect of the 2% Malta Government Stock 2020 (V) shall be payable half-yearly in arrears on the 26th day of March and the 26th 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 4th day of August, 2014 to the 25th day of September, Sum of money to be raised. Rate of interest and dates of payment. 2 [ S.L.161.133 ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS (JULY) 2014 (both dates inclusive), shall be made on the 26th day of September, 2014; (
- 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 7th day of August 2014 to the 25th day of September, 2014 (both dates inclusive), shall be made on the 26th day of September, 2014.
(2)Interest at the rate of Euro 2.05 for every Euro 100 in respect of the 4.1% Malta Government Stock 2034 (I) shall be payable half-yearly in arrears on the 18th day of April and the 18th 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 4th day of August, 2014 to the 17th day of October, 2014 (both dates inclusive), shall be made on the 18th day of October, 2014; (
- 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 7th day of August, 2014 to the 17th day of October, 2014 (both dates inclusive), shall be made on the 18th day of October, 2014. Redemption of Stock. 8.
(1)The 2% Malta Government Stock 2020 (V) shall be redeemed at par on the 26th September 2020.
(2)The 4.1% Malta Government Stock 2034 (I) shall be redeemed at par on the 18th October 2034.