MT
DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF €50,000,000 MALTA GOVERNMENT STOCKS
Table of Provisions (9)
Statutory Text (9 Articles)
ISSUE OF EURO €50,000,000
MALTA GOVERNMENT STOCKS
SUBSIDIARY LEGISLATION 161.140
DIRECTIVE BY THE MINISTER FOR FINANCE
FOR THE ISSUE OF €50,000,000 MALTA
GOVERNMENT STOCKS
15th March, 2016
LEGAL NOTICE 78 of 2016.
The title of this directive is Directive by the Minister for
Finance for the issue of Euro 50,000,000 Malta Government
Stocks.
An amount of Euro 50,000,000 Malta Government Stocks
shall be issued as follows
(a) 1.5% Malta Government Stock 2022 (IV) Fungibility
Issue, and
(b) 2.5% Malta Government Stock 2036 (I) Fungibility
Issue, 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.
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 ist and for trading on
the Malta Stock Exchange.
(2) On the 11th July, 2016 after the payment of the first interest
as indicated in article 7(1), any amount allotted under the 1.5%
Malta Government Stock 2022 (IV) F.I. shall be integrated with the
existing issue of this Stock and thereafter shall be deemed to be one
Stock.
(3) On the 17th May, 2016 after the payment of the first interest
as indicated in article 7(2), any amount allotted under the 2.5%
Malta Government Stock 2036 (I) 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
30,000,000.
(1) Interest at the rate of Euro 0.75 for every Euro 100 in
respect of the 1.5% Malta Government Stock 2022 (IV) shall be
payable half-yearly in arrears on the 11th day of January and the
ISSUE OF EURO €50,000,000
MALTA GOVERNMENT STOCKS
11th day of July in every year for the duration of the Stock.
The first pro rata interest payment covering the period from
the 4th day of April, 2016 to the 10th day of July, 2016 (both dates
inclusive), shall be made on the 11th day of July, 2016.
(2) Interest at the rate of Euro 1.25 for every Euro 100 in
respect of the 2.5% Malta Government Stock 2036 (I) shall be
payable half-yearly in arrears on the 17th day of May and the 17th
day of November in every year for the duration of the Stock.
The first pro rata interest payment covering the period from
the 4th day of April, 2016 to the 16thday of May, 2016 (both dates
inclusive), shall be made on the 17th day of May, 2016.
(1) The 1.5% Malta Government Stock 2022 (IV) shall be
redeemed at par on the 11th July, 2022.
(2) The 2.5% Malta Government Stock 2036 (I) shall be
redeemed at par on the 17thNovember, 2036.