50,000,000 Malta Government Stocks

L.N. 172 of 2015

BUDGET MEASURES IMPLEMENTATION ACT

(ACT NO. XIII OF 2015)

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, 2015 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)

2% Malta Government Stock 2020 (V) Fungibility

Issue, and

(b)

2.3% Malta Government Stock 2029 (II), 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.

(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 26 th September, 2015 after the payment of the first

interest as indicated in article 7 (1), any amount allotted under the 2%

Malta Government Stock 2020 (V) 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

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

sum of money to be raised up to a maximum of Euro 40,000,000.

(1)

Interest at the rate of Euro 1.00 for every Euro 100

in respect of the 2% Malta Government Stock 2020 (V) shall be

payable half-yearly in arrears on the 26 th day of March and the 26 th

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

The first pro rata interest payment covering the period

from the 16 th day of June, 2015 to the 25 th day of September, 2015

(both dates inclusive), shall be made on the 26 th day of September,

2015. (2) Interest at the rate of Euro 1.15 for every Euro 100 in

respect of the 2.3% Malta Government Stock 2029 (II) shall be

payable half-yearly in arrears on the 24 th day of January and the 24 th

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

The first pro rata interest payment covering the period

from the 16 th day of June, 2015 to the 23 rd day of July, 2015 (both

dates inclusive), shall be made on the 24 th day of July, 2015.

(1)

The 2% Malta Government Stock 2020 (V) shall be

redeemed at par on the 26 th September, 2020.

(2) The 2.3% Malta Government Stock 2029 (II) shall be

redeemed at par on the 24 th July, 2029.

€0.18