DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS (JULY) (july)

ISSUE OF EURO 100,000,000

MALTA GOVERNMENT STOCKS (JULY)

SUBSIDIARY LEGISLATION 161.133

DIRECTIVE BY THE MINISTER FOR FINANCE

FOR THE ISSUE OF EURO 100,000,000

MALTA GOVERNMENT STOCKS (JULY)

15th July, 2014

LEGAL NOTICE 249 of 2014.

The title of this directive is Directive by the Minister for

Finance for the issue of Euro 100,000,000 Malta Government

Stocks (July).

An amount of Euro 100,000,000 Malta Government Stocks

shall be issued as follows

(a) 2% Malta Government Stock 2020 (V), and

(b) 4.1% Malta Government Stock 2034 (I), or

(c) any combination of the above two 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 26th September, 2014 after the payment of the first

interest as indicated in article 7(1)(a) and (b), any amount allotted

under the 2% Malta Government Stock 2020 (V) shall be integrated

and thereafter both shall be deemed to be one Stock.

(3) On the 18th October, 2014 after the payment of the first

interest as indicated in article 7(2)(a) and (b), any amount allotted

u nd e r t h e 4 . 1 % M a l t a Go v e r n m e n t St o c k 2 0 3 4 ( I ) s h a l l b e

integrated and thereafter both 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

100,000,000. The Accountant General reserves the right to increase

the sum of money to be raised by a maximum of Euro 80,000,000.

(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 26th day of March and the

26th day of September in every year for the duration of the Stock

(a) the first pro rata interest payment in respect of the

allotted amount from applications submitted by

members of the public covering the period from the

4th day of August, 2014 to the 25th day of September,

ISSUE OF EURO 100,000,000

MALTA GOVERNMENT STOCKS (JULY)

2014 (both dates inclusive), shall be made on the 26th

day of September, 2014;

(b) the first pro rata interest payment in respect of the

allotted amount from bids/applications submitted by

institutional investors covering the period from the 7th

day of August 2014 to the 25th day of September, 2014

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

of September, 2014.

(2) Interest at the rate of Euro 2.05 for every Euro 100 in

respect of the 4.1% Malta Government Stock 2034 (I) shall be

payable half-yearly in arrears on the 18th day of April and the 18th

day of October in every year for the duration of the Stock

(a) the first pro rata interest payment in respect of the

allotted amount from applications submitted by

members of the public covering the period from the

4th day of August, 2014 to the 17th day of October,

2014 (both dates inclusive), shall be made on the 18th

day of October, 2014;

(b) the first pro rata interest payment in respect of the

allotted amount from bids/applications submitted by

institutional investors covering the period from the 7th

day of August, 2014 to the 17th day of October, 2014

(both dates inclusive), shall be made on the 18th day

of October, 2014.

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

redeemed at par on the 26th September 2020.

(2) The 4.1% Malta Government Stock 2034 (I) shall be

redeemed at par on the 18th October 2034.