for the Issue of Euro 100,000,000 Malta Government Stocks (ln_2011_430) | MT

Malta Government Gazette — Legal Notice 2011 430 — for the Issue of Euro 100,000,000 Malta Government Stocks

Preamble — for the Issue of Euro 100,000,000 Malta Government Stocks Open official source

L.N. 430 of 2011

BUDGET MEASURES IMPLEMENTATION ACT

(CAP. 509)

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

IN exercise of the powers conferred by article 4 of the Budget

Measures Implementation Act (2011), 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

Malta Government Gazette — Legal Notice 2011 430 — for the Issue of Euro 100,000,000 Malta Government Stocks

Reg. 1 Title. — for the Issue of Euro 100,000,000 Malta Government Stocks Open official source

The title of this directive is Directive by the Minister of

Finance, the Economy and Investment for the issue of Euro

100,000,000 Malta Government Stocks.

Malta Government Gazette — Legal Notice 2011 430 — for the Issue of Euro 100,000,000 Malta Government Stocks

Reg. 2 Issuing of Stock. — for the Issue of Euro 100,000,000 Malta Government Stocks Open official source

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

shall be issued as follows

(a)

Malta Government Gazette — Legal Notice 2011 430 — for the Issue of Euro 100,000,000 Malta Government Stocks

Reg. 4 — for the Issue of Euro 100,000,000 Malta Government Stocks Open official source

25% Malta

Government

Stock

(III)

Fungibility issue, and

(b)

Malta Government Gazette — Legal Notice 2011 430 — for the Issue of Euro 100,000,000 Malta Government Stocks

Reg. 5 — for the Issue of Euro 100,000,000 Malta Government Stocks Open official source

2% Malta Government Stock 2031 (I), or

(c)

any combination of the above two Stocks which

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

3. 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.

(2) On the 6th May, 2012 after the payment of the first interest

as indicated in articles 7(1)(a) and 7(1)(b), any amount allotted under

4.25% Malta Government Stock 2017 (III) FI shall be integrated with

the existing issue of this Stock and thereafter both shall be deemed to

be one Stock.

(3) On the 16th March, 2012 after the payment of the first

interest as indicated in articles 7(2)(a) and 7(2)(b), any amount

allotted under 5.2% Malta Government Stock 2031 (I) shall be

integrated and thereafter both shall be deemed to be one Stock.

Malta Government Gazette — Legal Notice 2011 430 — for the Issue of Euro 100,000,000 Malta Government Stocks

Reg. 6 — for the Issue of Euro 100,000,000 Malta Government Stocks Open official source

The sum of money to be raised by either Stock, or of any Sum of money

combination of the two Stocks shall in the aggregate be Euro to be raised.

100,000,000. The Accountant General reserves the right to increase

the sum of money to be raised by a maximum of Euro 44,000,000.

Malta Government Gazette — Legal Notice 2011 430 — for the Issue of Euro 100,000,000 Malta Government Stocks

Reg. 7 — for the Issue of Euro 100,000,000 Malta Government Stocks Open official source

(1) Interest at the rate of Euro 2.125 for every Euro 100 Rate of interest

in respect of the 4.25% Malta Government Stock 2017 (III) shall be and

payment.

payable half-yearly in arrears on the 6th day of May and the 6th day

of November in every year for the duration of the Stock

the first pro rata interest payment in respect of the

(a)

allotted amount from applications submitted by members of the

public covering the period from the 21st day of November, 2011

to the 5th day of May, 2012 (both dates inclusive), shall be

made on the 6th day of May, 2012;

(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 23rd day of

November, 2011 to the 5th day of May, 2012 (both dates

inclusive), shall be made on the 6th day of May, 2012.

(2) Interest at the rate of Euro 2.600 for every Euro 100 in

respect of the 5.2% Malta Government Stock 2031 (I) shall be

payable half-yearly in arrears on the 16th day of March and the 16th

day of September in every year for the duration of the Stock

the first pro rata interest payment in respect of the

(a)

allotted amount from applications submitted by members of the

public covering the period from the 21st day of November, 2011

to the 15th day of March, 2012 (both dates inclusive), shall be

made on the 16th day of March, 2012;

(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 23rd day of

November, 2011 to the 15th day of March, 2012 (both dates

inclusive), shall be made on the 16th day of March, 2012.

B

Malta Government Gazette — Legal Notice 2011 430 — for the Issue of Euro 100,000,000 Malta Government Stocks

Reg. 8 — for the Issue of Euro 100,000,000 Malta Government Stocks Open official source

(1) The 4.25% Malta Government Stock 2017 (III) shall

Redemption of

Stock.

be redeemed at par on the 6th November, 2017.

(2) The 5.2% Malta Government Stock 2030 (I) shall be

redeemed at par on the 16th September, 2031.

€0.36

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

Table of Provisions (8)

Statutory Text (8 Articles)

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