MT
35,000,000 Malta Government Stock
Table of Provisions (9)
Statutory Text (9 Articles)
L.N. 364 of 2015
BUDGET MEASURES IMPLEMENTATION (2015) ACT
(CAP. 541)
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 Stock
IN exercise of the powers conferred by article 4 of the Budget
Measures Implementation (2015) 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 35,000,000 Malta Government Stock.
An amount of Euro 35,000,000 Malta Government Stock Issuing of
shall be issued in the Floating Rate Malta Government Stock 2019 Stock.
(VI) linked to the six-month Euribor.
This Stock shall be issued as set out in the prospectus.
Mode of issuing
Stocks.
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 by the mentioned Stock Sum of money
to be raised.
shall be Euro 35,000,000.
(1)
Interest on the Floating Rate Malta Government Rate of interest
Stock 2019 (VI) shall be paid at the rate linked to the six-month and
payment.
Euribor issued by the European Money Markets Institute (EMMI) in
effect on the applicable interest determination date, plus a spread of
35 basis points (bps) calculated on Day Count Fraction (Actual/360)
for every Euro 100. The spread of 35 bps is fixed and applicable until
the maturity of the Stock.
(2) Interest shall be payable half yearly in arrears on the 27th
of May and the 27th of November in every year for the duration of the
Stock.
(3) The first interest payment covering the period from the
27th November, 2015 to the 26th May, 2016 (both days inclusive)
shall be made on the 27th day of May, 2016.
The Floating Rate Malta Government Stock 2019 (VI)
Redemption of
Stock.
linked to the six-month Euribor shall be redeemed at par on the 27th
November, 2019.
€0.18