MT
Fungibility Issue
Statutory Text (3 Articles)
L.N. 258 of 2005
BUDGET MEASURES IMPLEMENTATION ACT, 2005
(ACT NO. II OF 2005)
LOCAL LOANS
(REGISTERED STOCK AND SECURITIES) ORDINANCE
(CAP. 161)
Directive by the Prime Minister and Minister of Finance
for the Issue of Lm25,000,000
7% Malta Government Stock 2012
(THIRD ISSUE)
Fungibility Issue
IN exercise of the powers conferred by the Budget Measures
Implementation Act, 2005 and by article 4(1)(a) of the Local Loans
(Registered Stock and Securities) Ordinance, the Prime Minister and
Minister of Finance has authorised that the sum of Lm25,000,000 5.7%
Malta Government Stock be issued as follows>–
1. The Stock shall be issued as set out in the prospectus.
Mode of issuing
Stock.
2. All persons and, or entities are eligible to apply for this Stock. Allotment Policy.
Allotment will be applied as set out in the prospectus.
3. (a) In terms of the Financial Markets Act, when the Stock Trading on the
Malta Stock
has been allotted, an application shall be made for the Stock to be placed Exchange.
on the official list and for trading on the Malta Stock Exchange.
(b) On the 1 st October, 2005, after the payment of the first
dividend, this stock will be integrated with the existing issue 5.7% Malta
Government Stock 2012 (III) and shall thereafter both be deemed to be
one Stock.
4. The sum of money to be raised by the Stock shall be Sum of money to be
Lm25,000,000. The Accountant General reserves the right to increase raised.
the sum of money to be raised by a maximum of Lm15,000,000.
5. Interest at the rate of Lm 2.85,0 for every Lm100 Stock will Rate of interest and
dates of payment.
be payable half-yearly in arrear on the 30th day of March and the 30 th
day of September in every year for the duration of the Stock. The first
pro-rata payment covering the period from the 2nd day of August, 2005
to the 30 th day of September, 2005 shall be made on the 30 th day of
September, 2005.
The Stock shall be redeemed at par on the 30 th September,
Redemption of
Stock.
2012. Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press