MT
Investment for the Issue of Euro 30,000,000 Malta Government
Table of Provisions (9)
Statutory Text (9 Articles)
GOVERNMENT BORROWING AND GRANTING OF LOANS
TO THE HELLENIC REPUBLIC ACT
(CAP. 502)
LOCAL LOANS
(REGISTERED STOCK AND SECURITIES) ORDINANCE
(CAP. 161)
Directive by the Minister of Finance, the Economy and
Investment for the Issue of Euro 30,000,000 Malta Government
Stocks
IN exercise of the powers conferred by articles 4(1)(a) and 6(1)
of the Local Loans (Registered Stock and Securities) Ordinance, the
Minister of Finance, the Economy and Investment has issued the
following Directive:-
The title of this directive is Directive by the Minister of Title.
Finance, the Economy and Investment for the issue of Euro
30,000,000 Malta Government Stocks.
An amount of Euro 30,000,000 Malta Government Stock Issuing of
shall be issued in Floating Rate Malta Government Stock 2013 (VI) Stock.
linked to the six-month Euribor.
The Stock shall be issued as set out in the prospectus.
Mode of issuing
Stocks.
All persons and, or entities are eligible to apply for this Allotment
Policy.
Stock. Allotment will be applied as set out in the prospectus.
In terms of the Financial Markets Act, when this Stock has Trading on the
been allotted, an application shall be made for this Stock to be placed Malta
Exchange.
on the official list and for trading on the Malta Stock Exchange.
The sum of money to be raised shall be Euro30,000,000.
Sum of money
to be raised.
Interest shall be paid at the floating rate linked to the six- Rate of interest
month Euribor in effect on the applicable interest determination date, and
payment.
plus a spread of 45 basis points (bps) calculated on Day Count
Fraction (Actual/360) for every Euro 100. The spread of 45bps is
fixed and applicable until the maturity of the Stock. Interest shall be
payable half yearly in arrears on the 11th of February and 11th of
August in every year for the duration of the Stock. The first payment
covering the period from the 11th August, 2010 to the 10th February,
2011 (both days inclusive) shall be made on the 11th day of February,
2011.
The Floating Rate Malta Government Stock 2013 (VI)
Redemption of
Stock.
linked to the six-month Euribor shall be redeemed at par on the 11th
August, 2013.
€0.19