MT
DIRECTIVE BY THE MINISTER OF FINANCE, THE ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS
Table of Provisions (9)
Statutory Text (9 Articles)
ISSUE OF EURO 100,000,000
MALTA GOVERNMENT STOCKS
SUBSIDIARY LEGISLATION 161.122
DIRECTIVE BY THE MINISTER OF FINANCE, THE
ECONOMY AND INVESTMENT FOR THE ISSUE OF
EURO 100,000,000 MALTA GOVERNMENT STOCKS
7th May, 2010
LEGAL NOTICE 275 of 2010.
The title of this Directive is Directive by the Minister of
Finance, the Economy and Investment for the Issue of Euro
100,000,000 Malta Government Stocks.
An amount of Euro 100,000,000 Malta Government Stocks
shall be issued as follows
(a) 3.75% Malta Government Stock 2015(VI) Fungibility
issue, and
(b) 4.6% Malta Government Stock 2020 (II) Fungibility
issue, and
(c) 5.25% Malta Government Stock 2030 (I), or
(d) any combination of the above three Stocks which shall
in the aggregate be Euro 100,000,000.
These Stocks shall be issued as set out in the prospectus.
All persons and, or entities are eligible to apply for these
Stocks. Allotment will be applied as set out in the prospectus.
(1) 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.
(2) On the 3rd December, 2010 after the payment of the first
interest, any amount allotted under 3.75% Malta Government Stock
2015 (VI) FI shall be integrated with the existing issue of this
Stock and shall thereafter both be deemed to be one Stock.
(3) On the 25th October, 2010 after the payment of the first
interest, any amount allotted under 4.6% Malta Government Stock
2020 (II) FI shall be integrated with the existing issue of this Stock
and shall thereafter both be deemed to be one Stock.
The sum of money to be raised by either Stock, or of any
combination of the three 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.
(1) Interest at the rate of Euro 1.875 for every Euro 100 in
respect of the 3.75% Malta Government Stock 2015 (VI) shall be
payable half-yearly in arrears on the 3rd day of June and the 3rd
day of December in every year for the duration of the Stock. The
first pro rata interest payment covering the period from the 26th
ISSUE OF EURO 100,000,000
MALTA GOVERNMENT STOCKS
day of May, 2010 to the 2nd day of December, 2010 (both dates
inclusive), shall be made on the 3rd day of December, 2010.
(2) Interest at the rate of Euro 2.3 for every Euro 100 in respect
of the 4.6% Malta Government Stock 2020 (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. The first pro
rata interest payment covering the period from the 26th day of May,
2010 to the 24th day of October, 2010 (both dates inclusive) shall
be made on the 25th day of October, 2010.
(3) Interest at the rate of Euro 2.625 for every Euro 100 in
respect of the 5.25% Malta Government Stock 2030 (I) shall be
payable half-yearly in arrears on the 23rd day of June and the 23rd
day of December in every year for the duration of the Stock. The
first pro rata interest payment covering the period from the 26th
day of May, 2010 to the 22nd day of June, 2010 (both dates
inclusive) shall be made on the 23rd day of June, 2010.
(1) The 3.75% Malta Government Stock 2015 (VI) shall be
redeemed at par on the 3rd December, 2015.
(2) The 4.6% Malta Government Stock 2020 (II) shall be
redeemed at par on the 25th April, 2020.
(3) The 5.25% Malta Government Stock 2030 (I) shall be
redeemed at par on the 23rd June, 2030.