for the Issue of Euro 120,000,000 Malta Government Stocks

L.N. 63 of 2013

LOCAL LOANS

(REGISTERED STOCK AND SECURITIES) ORDINANCE

(CAP. 161)

Directive by the Minister of Finance, the Economy and Investment

for the Issue of Euro 120,000,000 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 Citation.

Finance, the Economy and Investment for the issue of Euro

120,000,000 Malta Government Stocks.

An amount of Euro 120,000,000 Malta Government Stocks Issuing of

Stock.

shall be issued as follows

(a)

3% Malta Government Stock 2019 (III), and

(b)

5% Malta Government Stock 2028 (II), or

(c)

any combination of the above two Stocks which

shall in the aggregate be Euro 120,000,000.

3. These 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.

(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 22nd September, 2013 after the payment of the first

interest as indicated in article 7(1)(a) and (b), any amount allotted

under the 3% Malta Government Stock 2019 (III) shall be integrated

and thereafter both shall be deemed to be one Stock.

(3) On the 25th April, 2013 after the payment of the first

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

under the 4.5% Malta Government Stock 2028 (II) shall be integrated

and thereafter both shall 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 Euro

120,000,000. The Accountant General reserves the right to increase

the sum of money to be raised by a maximum of Euro 80,000,000.

(1) Interest at the rate of Euro 1.50 for every Euro 100

in respect of the 3% Malta Government Stock 2019 (III) shall be

payable half-yearly in arrears on the 22nd day of March and the 22nd

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

(a) the first pro rata interest payment in respect of the

allotted amount from applications submitted by members of the

public covering the period from the 1st day of March, 2013 to

the 21st day of September, 2013 (both dates inclusive), shall be

made on the 22nd day of September, 2013;

(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 6th day of

March 2013 to the 21st day of September, 2013 (both dates

inclusive), shall be made on the 22nd day of September, 2013.

(2) Interest at the rate of Euro 2.25 for every Euro 100 in

respect of the 4.5% Malta Government Stock 2028 (II) shall be

payable half-yearly in arrears on the 25th day of April and the 25th

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

(a) the first pro rata interest payment in respect of the

allotted amount from applications submitted by members of the

public covering the period from the 1st day of March, 2013 to

the 24th day of April, 2013 (both dates inclusive), shall be made

on the 25th day of April, 2013;

(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 6th day of

March 2013 to the 24th day of April, 2013 (both dates

inclusive), shall be made on the 25th day of April, 2013.

(1) The 3% Malta Government Stock 2019 (III) shall be

redeemed at par on the 22nd September, 2019.

(2) The 4.5% Malta Government Stock 2028 (II) shall be

redeemed at par on the 25th October, 2028.

€0.18