Euro 50,000,000 Malta Government Stocks

L.N. 268 of 2013

BUDGET MEASURES IMPLEMENTATION ACT

(CAP. 526)

LOCAL LOANS

(REGISTERED STOCK AND SECURITIES) ORDINANCE

(CAP. 161)

Directive by the Minister for Finance for the Issue of

Euro 50,000,000 Malta Government Stocks

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

Measures Implementation Act and by articles 4(1)(a) and 6(1) of the

Local Loans (Registered Stock and Securities) Ordinance, the

Minister for Finance has issued the following Directive

The title of this directive is Directive by the Minister for Title.

Finance for the issue of Euro 50,000,000 Malta Government Stocks.

An amount of Euro 50,000,000 Malta Government Stocks Issuing of

Stock.

shall be issued as follows

(a) Floating Rate Malta Government Stock 2018 (VI)

linked to the six-month Euribor, and

(b) Floating Rate Malta Government Stock 2019 (IV)

linked to the six-month Euribor, or

(c)

any combination of the above two Stocks which

shall in the aggregate be Euro 50,000,000.

These Stocks shall be issued as set out in the prospectus.

Mode of issuing

Stocks.

All persons and, or entities are eligible to apply for these Allotment

policy.

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

In terms of the Financial Markets Act, when these Stocks Trading on the

have been allotted, an application shall be made for each Stock to be Malta

Exchange.

placed on the official list and for trading on the Malta Stock Cap. 345.

Exchange.

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.

50,000,000. The Accountant General reserves the right to increase the

sum of money to be raised by a maximum of Euro 30,000,000.

(1) Interest on the Floating Rate Malta Government

Stock 2018 (VI) linked to the six-month Euribor shall be paid at the

rate linked to the six-month Euribor in effect on the applicable

interest determination date, plus a spread of 90 basis points (bps)

calculated on Day Count Fraction (Actual/360) for every Euro 100.

The spread of 90bps is fixed and applicable until the maturity of the

Stock.

(2) Interest on the Floating Rate Malta Government Stock

2019 (IV) linked to the six-month Euribor shall be paid at the rate

linked to the six-month Euribor in effect on the applicable interest

determination date, plus a spread of 100 basis points (bps) calculated

on Day Count Fraction (Actual/360) for every Euro 100. The spread

of 100bps is fixed and applicable until the maturity of the Stock.

(3) Interest on the Floating Rate Malta Government Stock

2018 (VI) linked to the six-month Euribor shall be payable half yearly

in arrears on the 25th of March and 25th of September in every year

for the duration of the Stock.

(4) Interest on the Floating Rate Malta Government Stock

2019 (IV) linked to the six-month Euribor shall be payable half yearly

in arrears on the 25th of March and 25th of September in every year

for the duration of the Stock.

(5) The first interest payment in respect both Stocks

mentioned in sub-articles (1) and (2) covering the period from the

25th September, 2013 to the 24th March, 2014 (both days inclusive)

shall be made on the 25th day of March, 2014.

(1) The Floating Rate Malta Government Stock 2018

(VI) linked to the six-month Euribor shall be redeemed at par on the

25th September, 2018.

(2) The Floating Rate Malta Government Stock 2019 (IV)

linked to the six-month Euribor shall be redeemed at par on the 25th

March, 2019.

€0.18