ISSUE OF EURO €50,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.140 1 SUBSIDIARY LEGISLATION 161.140 DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF €50,000,000 MALTA GOVERNMENT STOCKS 15th March, 2016 LEGAL NOTICE 78 of 2016. 1. The title of this directive is Directive by the Minister for Finance for the issue of Euro 50,000,000 Malta Government Stocks. 2. An amount of Euro 50,000,000 Malta Government Stocks shall be issued as follows: Citation. Issuing of Stock. (
- a)1.5% Malta Government Stock 2022 (IV) Fungibility Issue, and (
- b)2.5% Malta Government Stock 2036 (I) Fungibility Issue, 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. 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 ist 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 July, 2016 after the payment of the first interest as indicated in article 7
(1), 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 17th May, 2016 after the payment of the first interest as indicated in article 7
(2), any amount allotted under the 2.5% Malta Government Stock 2036 (I) F.I. shall be integrated with the existing issue of this Stock and thereafter 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 50,000,
- The Accountant General reserves the right to increase the sum of money to be raised up to a maximum of Euro 30,000,
- 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 Sum of money to be raised. Rate of interest and dates of payment. 2 [ S.L.161.140 ISSUE OF EURO €50,000,000 MALTA GOVERNMENT STOCKS 11th day of July in every year for the duration of the Stock. The first pro rata interest payment covering the period from the 4th day of April, 2016 to the 10th day of July, 2016 (both dates inclusive), shall be made on the 11th day of July, 2016.
(2)Interest at the rate of Euro 1.25 for every Euro 100 in respect of the 2.5% Malta Government Stock 2036 (I) shall be payable half-yearly in arrears on the 17th day of May and the 17th day of November in every year for the duration of the Stock. The first pro rata interest payment covering the period from the 4th day of April, 2016 to the 16thday of May, 2016 (both dates inclusive), shall be made on the 17th day of May, 2016. 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 2.5% Malta Government Stock 2036 (I) shall be redeemed at par on the 17thNovember, 2036.