Euro 35,000,000 Malta Government Stocks

L.N. 89 of 2014

LOCAL LOANS

(REGISTERED STOCK AND SECURITIES) ORDINANCE

(CAP. 161)

Directive by the Minister for Finance for the Issue of

Euro 35,000,000 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 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 35,000,000 Malta Government Stocks.

An amount of Euro 35,000,000 Malta Government Stocks Issuing of

Stock.

shall be issued as follows

(a)

2% Malta Government Stock 2019 (V) Fungibility

Issue, and

(b) 4.45% Malta

Government

Stock

(II)

Fungibility Issue, or

(c)

any combination of the above two Stocks which

shall in the aggregate be Euro 35,000,000.

3. 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.

(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 31st July, 2014 after the payment of the first

interest as indicated in article 7(1), any amount allotted under the

3.2% Malta Government Stock 2019 (V) F.I. shall be integrated with

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

one Stock.

(3) On the 3rd September, 2014 after the payment of the first

interest as indicated in article 7(2), any amount allotted under the

4.45% Malta Government Stock 2032 (II) F.I. shall be integrated with

the existing issue of this Stock and thereafter 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

35,000,000. The Accountant General reserves the right to increase the

sum of money to be raised by a maximum of Euro 20,000,000.

(1) Interest at the rate of Euro 1.60 for every Euro 100

in respect of the 3.2% Malta Government Stock 2019 (V) shall be

payable half-yearly in arrears on the 31st day of January and the 31st

day of July in every year for the duration of the Stock.

The first pro rata interest payment covering the period

from the 9th day of April, 2014 to the 30th day of July, 2014 (both

dates inclusive), shall be made on the 31st day of July, 2014.

(2) Interest at the rate of Euro 2.225 for every Euro 100 in

respect of the 4.45% Malta Government Stock 2032 (II) shall be

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

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

The first pro rata interest payment covering the period

from the 9th day of April, 2014 to the 2nd day of September, 2014

(both dates inclusive), shall be made on the 3rd day of September,

2014.

(1) The 3.2% Malta Government Stock 2019 (V) shall

be redeemed at par on the 31st July, 2019.

(2) The 4.45% Malta Government Stock 2032 (II) shall be

redeemed at par on the 3rd September, 2032.

€0.18