362 tal-2010 - Direttiva mill-Ministru tal-Finanzi, l-Ekonomija u Investiment ghall-Ħruġ ta' Euro 100,000,000 Stock tal-Gvern ta' Malta

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BUDGET MEASURES IMPLEMENTATION ACT, 2010

(ACT NO. I OF 2010)

LOCAL LOANS

(REGISTERED STOCK AND SECURITIES) ORDINANCE

(CAP. 161)

Directive by the Minister of Finance, the Economy and

Investment for the Issue of Euro 100,000,000 Malta Government

Stocks

N exercise of the powers conferred by the Budget Measures

Implementation Act, 2010 and 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

100,000,000 Malta Government Stocks.

An amount of Euro 100,000,000 Malta Government Stocks Issuing of

Stock.

shall be issued as follows

(a)

75% Malta

Government

Stock

2015(VI)

Fungibility issue, and

(b)

25% Malta Government Stock 2030(I) Fungibility

issue, or

(c)

any combination of the above two Stocks which

shall in the aggregate be Euro 100,000,000.

3. The 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 Allotment

Policy.

Stocks. Allotment will be applied as set out in the prospectus.

5. (1) In terms of the Financial Markets Act, when these Trading on the

Stocks have been allotted, an application shall be made for the Malta

Exchange.

respective Stock to be placed on the official list and for trading on the Cap. 345.

Malta Stock Exchange.

(2) On the 3rd December, 2010 after the payment of the first

interest, any amount allotted under 3.75% Malta Government Stock

2015 (VI) FI shall be integrated with the existing issue of this Stock

and shall thereafter both be deemed to be one Stock.

(3) On the 23rd December, 2010 after the payment of the first

interest, any amount allotted under 5.25% Malta Government Stock

2030 (I) FI shall be integrated with the existing issue of this Stock and

shall thereafter both 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

Euro100,000,000. The Accountant General reserves the right to

increase the sum of money to be raised by a maximum of Euro

50,000,000.

(1) Interest at the rate of Euro 1.875 for every Euro 100

in respect of the 3.75% Malta Government Stock 2015 (VI) shall be

payable half-yearly in arrears on the 3rd day of June and the 3rd day

of December in every year for the duration of the Stock. The first pro

rata interest payment covering the period from the 11th day of

August, 2010 to the 2nd day of December, 2010 (both dates

inclusive), shall be made on the 3rd day of December, 2010.

(2) Interest at the rate of Euro 2.625 for every Euro 100 in

respect of the 5.25% Malta Government Stock 2030 (I) shall be

payable half-yearly in arrears on the 23rd day of June and the 23rd

day of December in every year for the duration of the Stock. The first

pro rata interest payment covering the period from the 11th day of

August, 2010 to the 22nd day of December, 2010 (both dates

inclusive) shall be made on the 23rd day of December, 2010.

(1) The 3.75% Malta Government Stock 2015 (VI) shall

be redeemed at par on the 3rd December, 2015.

(2) The 5.25% Malta Government Stock 2030 (I) shall be

redeemed at par on the 23rd June, 2030.

€0.19