ISSUE OF EURO 35,000,000 MALTA GOVERNMENT STOCKS [ S.L.161.98 1 SUBSIDIARY LEGISLATION 161.98 DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF EURO 35,000,000 MALTA GOVERNMENT STOCKS 25th March, 2014 LEGAL NOTICE 89 of 2014. 1. The title of this directive is Directive by the Minister for Finance for the issue of Euro 35,000,000 Malta Government Stocks. 2. An amount of Euro 35,000,000 Malta Government Stocks shall be issued as follows: 3. (
- a)3.2% Malta Government Stock 2019 (V) Fungibility Issue, and (
- b)4.45% Malta Government Stock 2032 (II) Fungibility Issue, or (
- c)any combination of the above two Stocks which shall in the aggregate be Euro 35,000,000. 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), 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 3rd September, 2014 after the payment of the first interest as indicated in article 7
(2), any amount allotted under the 4.45% Malta Government Stock 2032 (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 35,000,
- The Accountant General reserves the right to increase the sum of money to be raised by a maximum of Euro 20,000,
- 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 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. Sum of money to be raised. Rate of interest and dates of payment. 2 [ S.L.161.98 ISSUE OF EURO 35,000,000 MALTA GOVERNMENT STOCKS The first pro rata interest payment covering the period from the 9th day of April, 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 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. The first pro rata interest payment covering the period from the 9th day of April, 2014 to the 2nd day of September, 2014 (both dates inclusive), shall be made on the 3rd day of September, 2014. Redemption of Stock. 8.
(1)The 3.2% Malta Government Stock 2019 (V) shall be redeemed at par on the 31st July, 2019.
(2)The 4.45% Malta Government Stock 2032 (II) shall be redeemed at par on the 3rd September, 2032.