MT
DIRECTIVE BY THE PRIME MINISTER AND MINISTER OF FINANCE FOR THE ISSUE OF EURO 100,000,000 (i) 5.1% MALTA GOVERNMENT
Statutory Text (5 Articles)
ISSUE OF €100,000,000 (I) 5.1% MALTA GOVERNMENT STOCK
2014 OR (II) 5% MALTA GOVERNMENT STOCK 2021
OR (III) ANY COMBINATION OF THE ABOVE TWO STOCKS
SUBSIDIARY LEGISLATION 161.119
DIRECTIVE BY THE PRIME MINISTER AND
MINISTER OF FINANCE FOR THE ISSUE OF EURO
100,000,000 (i) 5.1% MALTA GOVERNMENT
STOCK 2014 (III) (THIRD ISSUE) (FUNGIBILITY
ISSUE) OR (ii) 5% MALTA GOVERNMENT STOCK
2021 (I) (FIRST ISSUE) (FUNGIBILITY ISSUE) OR
(iii) ANY COMBINATION OF THE TWO STOCKS
PROVIDED THE AGGREGATE NOMINAL VALUE
SHALL NOT EXCEED EURO 100,000,000
13th May, 2008
LEGAL NOTICE 129 of 2008.
The title of this Directive is Directive by the Prime
Minister and Minister of Finance for the Issue of €100,000,000
(i)
1% Malta Government Stock 2014(III) Fungibility
Issue; or
(ii) 5% Malta Government Stock 2021(I) Fungibility
Issue; or of
(iii) any combination of the above two Stocks provided the
aggregate nominal value shall not exceed Euro
100,000,000.
2. These Stocks shall be issued as set out in the prospectus.
3. All persons and, or entities are eligible to apply for these
Stocks. Allotment will be applied as set out in the prospectus.
4. (a) In terms of the Financial Markets Act, when these
Stocks have been allotted, an application shall be made
for the respective Stock to be placed on the official list
and for trading on the Malta Stock Exchange.
(b) On the 7th July 2008, after the payment of the first
dividend, any amount allotted under 5.1% Malta
Government Stock 2014 (III) will be integrated with
the existing issue of this Stock and shall thereafter
both be deemed to be one Stock.
(c) On the 9th August 2008, after the payment of the first
dividend, any amount allotted under 5% Malta
Government Stock 2021 (I) will be integrated with the
existing issue of this Stock and shall thereafter both be
deemed to be one Stock.
5. The sum of money to be raised by either Stock, or of any
combination of the two Stocks shall in the aggregate be Euro
100,000,000. The Accountant General reserves the right to increase
the sum of money to be raised by a maximum of Euro 50,000,000.
ISSUE OF €100,000,000 (I) 5.1% MALTA GOVERNMENT STOCK
2014 OR (II) 5% MALTA GOVERNMENT STOCK 2021
OR (III) ANY COMBINATION OF THE ABOVE TWO STOCKS
(a) Interest at the rate of Euro 2.55 for every Euro 100
5.1% Malta Government Stock 2014 (III) will be
payable half-yearly in arrear on the 6th day of Janaury
and the 6th day of July in every year for the duration of
the Stock. The first pro-rata payment covering the
period from the 4th day of June, 2008 to the 5th day of
July, 2008 ( both dates included) shall be made on the
6th day of July, 2008.
(b) Interest at the rate of Euro 2.50 for every Euro 100 5%
Malta Government Stock 2021 (I) will be payable half-
yearly in arrear on the 8th day of February and the 8th
day of August in every year for the duration of the
Stock. The first pro-rata payment covering the period
from the 4th day of June, 2008 to the 7th day of
August, 2008 (both dates included) shall be made on
the 8th day of August, 2008.
(a) The 5.1% Malta Government Stock 2014(III) shall be
redeemed at par on the 6th July, 2014.
(b) The 5% Malta Government Stock 2021(I) shall be
redeemed at par on the 8th August, 2021.