MT
for the Issue of Euro 24,000,000 Malta Government Stocks
Table of Provisions (9)
Statutory Text (9 Articles)
L.N. 431 of 2011
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 24,000,000 Malta Government Stocks
IN exercise of the powers conferred by article 3(1) of the
Government Borrowing and Granting of Loans to the Hellenic
Republic Act, 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
24,000,000 Malta Government Stocks.
An amount of Euro 24,000,000 Malta Government Stock Issuing of
shall be issued Floating Rate Malta Government Stock 2014 (v) Stock.
linked to the six-month Euribor.
The Stock shall be issued as set out in the prospectus.
Mode of issuing
Stock.
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 Euro 24,000,000.
Sum of money
to be raised.
(1) Interest shall be paid at the floating rate linked to the Rate of interest
six-month Euribor in effect on the applicable interest determination and
payment.
date, 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.
(2) Interest shall be payable half yearly in arrears on the 23rd
of May and 23rd of November in every year for the duration of the
Stock.
(3) The first payment covering the period from the 23rd
November, 2011 to the 22nd May, 2012 (both dates inclusive), shall
be made on the 23rd day of May, 2012.
The Floating Rate Malta Government Stock 2014 (V)
B
Stock.
(3) The first payment covering the period from the 23rd
November, 2011 to the 22nd May, 2012 (both dates inclusive), shall
be made on the 23rd day of May, 2012.
8. The Floating Rate Malta Government Stock 2014 (V)
Redemption of
Stock.
linked to the six-month Euribor shall be redeemed at par on the 23rd
November, 2014.
€0.18