ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.94 1 SUBSIDIARY LEGISLATION 161.94 DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS 10th May, 2013 LEGAL NOTICE 143 of 2013. 1. The title of this directive is Directive by the Minister for Finance 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% Malta Government Stock 2019 (III) Fungibility Issue, and (
- b)4.5% Malta Government Stock 2028 (II) Fungibility Issue, 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. 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 22nd September, 2013 after the payment of the first interest as indicated in article 7
(1)(a) and (b), any amount allotted under the 3% Malta Government Stock 2019 (III) F.I. shall be integrated with the existing issue of this Stock and thereafter shall be deemed to be one Stock.
(3)On the 25th October, 2013 after the payment of the first interest as indicated in article 7
(2)(a) and (b), any amount allotted under the 4.5% Malta Government Stock 2028 (II) 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 100,000,
- The Accountant General reserves the right to increase the sum of money to be raised by a maximum of Euro 70,000,
- Sum of money to be raised. 7.
(1)Interest at the rate of Euro 1.50 for every Euro 100 in respect of the 3% Malta Government Stock 2019 (III) shall be payable half-yearly in arrears on the 22nd day of March and the 22nd day of September in every year for the duration of the Stock: Rate of interest and dates of payment. 2 [ S.L.161.94 ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS (
- 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 27th day of May, 2013 to the 21st day of September, 2013 (both dates inclusive), shall be made on the 22nd day of September, 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 30th day of May 2013 to the 21st day of September, 2013 (both dates inclusive), shall be made on the 22nd day of September, 2013.
(2)Interest at the rate of Euro 2.25 for every Euro 100 in respect of the 4.5% Malta Government Stock 2028 (II) shall be payable half-yearly in arrears on the 25th day of April and the 25th 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 27th day of May, 2013 to the 24th day of October, 2013 (both dates inclusive), shall be made on the 25th day of October, 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 30th day of May 2013 to the 24th day of October, 2013 (both dates inclusive), shall be made on the 25th day of October, 2013. Redemption of Stock. 8.
(1)The 3% Malta Government Stock 2019 (III) shall be redeemed at par on the 22nd September, 2019.
(2)The 4.5% Malta Government Stock 2028 (II) shall be redeemed at par on the 25th October, 2028.