ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.97 1 SUBSIDIARY LEGISLATION 161.97 DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS 14th February, 2014 LEGAL NOTICE 61 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. 2. An amount of Euro 100,000,000 Malta Government Stocks shall be issued as follows: 3. (
- a)3.2% Malta Government Stock 2019 (V) Fungibility Issue, and (
- b)3.3% Malta Government Stock 2024 (I), and (
- c)4.45% Malta Government Stock 2032 (II), or (
- d)any combination of the above three Stocks which shall in the aggregate be Euro 100,000,000. 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. Citation. Issuing of Stock. Mode of issuing Stocks. Allotment Policy. Trading on the Malta Stock Exchange. Cap. 345.
(2)On the 31st July, 2014 after the payment of the first interest as indicated in article 7
(1)(a) and (b), any amount allotted under the 3.2% Malta Government Stock 2019 (V) F.I. shall be integrated with the existing issue of this Stock and thereafter shall be deemed to be one Stock.
(3)On the 12th May, 2014 after the payment of the first interest as indicated in article 7
(2)(a) and (b), any amount allotted under the 3.3% Malta Government Stock 2024 (I) shall be integrated and thereafter both shall be deemed to be one Stock.
(4)On the 3rd September, 2014 after the payment of the first interest as indicated in article 7
(3)(a) and (b), any amount allotted under the 4.45% Malta Government Stock 2032 (II) shall be 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 three 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 60,000,
- 7.
(1)Interest at the rate of Euro 1.60 for every Euro 100 in respect of the 3.2% Malta Government Stock 2019 (V) shall be Sum of money to be raised. Rate of interest and dates of payment. 2 [ S.L.161.97 ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS payable half-yearly in arrears on the 31st day of January and the 31st day of July 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 3rd day of March, 2014 to the 30th day of July, 2014 (both dates inclusive), shall be made on the 31st day of July, 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 6th day of March 2014 to the 30th day of July, 2014 (both dates inclusive), shall be made on the 31st day of July, 2014.
(2)Interest at the rate of Euro 1.65 for every Euro 100 in respect of the 3.3% Malta Government Stock 2024 (I) shall be payable half-yearly in arrears on the 12th day of May and the 12th day of November 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 3rd day of March, 2014 to the 11th day of May, 2014 (both dates inclusive), shall be made on the 12th day of May, 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 6th day of March 2014 to the 11th day of May, 2014 (both dates inclusive), shall be made on the 12th day of May, 2014.
(3)Interest at the rate of Euro 2.225 for every Euro 100 in respect of the 4.45% Malta Government Stock 2032 (II) shall be payable half-yearly in arrears on the 3rd day of March and the 3rd day of September in every year for the duration of the Stock: Redemption of Stock. (
- a)the first interest payment in respect of the allotted amount from applications submitted by members of the public covering the period from the 3rd day of March, 2014 to the 2nd day of September, 2014 (both dates inclusive), shall be made on the 3rd 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 6th day of March 2014 to the 2nd day of September, 2014 (both dates inclusive), shall be made on the 3rd day of September, 2014. 8.
(1)The 3.2% Malta Government Stock 2019 (V) shall be redeemed at par on the 31st July, 2019.
(2)The 3.3% Malta Government Stock 2024 (I) shall be redeemed at par on the 12th November, 2024. ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.97
(3)The 4.45% Malta Government Stock 2032 (II) shall be redeemed at par on the 3rd September, 2032. 3