ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.143 1 SUBSIDIARY LEGISLATION 161.143 DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS 7th October, 2016 LEGAL NOTICE 318 of 2016. 1. The title of this directive is Directive by the Minister for Finance for the issue of Euro 100,000,000 Malta Government Stocks. 2. An amount of Euro 100,000,000 Malta Government Stocks shall be issued as follows: Citation. Issuing of Stock. (
- a)1.5% Malta Government Stock 2022 (IV) Fungibility Issue, and (
- b)2.1% Malta Government Stock 2039 (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 11th January, 2017 after the payment of the first interest as indicated in article 7
(1)(a) and (b), any amount allotted under the 1.5% Malta Government Stock 2022 (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 24th February, 2017 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 2 . 1 % M a l t a Go v e r n m e n t St o c k 2 0 3 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 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 up to a maximum of Euro 60,000,
- 7.
(1)Interest at the rate of Euro 0.75 for every Euro 100 in respect of the 1.5% Malta Government Stock 2022 (IV) shall be payable half-yearly in arrears on the 11th day of January and the 11th day of July in every year for the duration of the Stock: (
- a)the first pro rata interest payment in respect of the Sum of money to be raised. Rate of interest and dates of payment. 2 [ S.L.161.143 ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS allotted amount from applications submitted by members of the public covering the period from the 24th day of October, 2016 to the 10th day of January, 2017 (both dates inclusive), shall be made on the 11th day of January, 2017; (
- 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 26th day of October, 2016 to the 10th day of January, 2017 (both dates inclusive), shall be made on the 11th day of January, 2017.
(2)Interest at the rate of Euro 1.05 for every Euro 100 in respect of the 2.1% Malta Government Stock 2039 (I) shall be payable half-yearly in arrears on the 24th day of February and the 24th 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 24th day of October, 2016 to the 23rd day of February, 2017 (both dates inclusive), shall be made on the 24th day of February, 2017; (
- 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 26th day of October, 2016 to the 23rd day of February, 2017 (both dates inclusive), shall be made on the 24th day of February, 2017. Redemption of Stock. 8.
(1)The 1.5% Malta Government Stock 2022 (IV) shall be redeemed at par on the 11th July 2022.
(2)The 2.1% Malta Government Stock 2039 (I) shall be redeemed at par on the 24th August, 2039.