MT
DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF €70,000,000
Table of Provisions (7)
Statutory Text (7 Articles)
DIRECTIVE BY THE MINISTER OF FINANCE, THE
ECONOMY AND INVESTMENT FOR THE ISSUE OF €70,000,000 (I) 3.6% MALTA
GOVERNMENT STOCK 2013 (FOURTH ISSUE); OR (II) 5% MALTA GOVERNMENT
STOCK 2021 (FIRST ISSUE); OR OF (III) ANY COMBINATION OF THE ABOVE TWO
STOCKS IN THE AGGREGATE OF THE ABOVE TWO STOCKS
SUBSIDIARY LEGISLATION 161.78
DIRECTIVE BY THE MINISTER OF FINANCE,
ECONOMY AND INVESTMENT
FOR THE ISSUE OF €70,000,000
(I) 3.6% MALTA GOVERNMENT STOCK 2021
(FOURTH ISSUE); OR (II) 5% MALTA
GOVERNMENT STOCK 2021 (FIRST ISSUE);
OR OF (III) ANY COMBINATION OF THE
ABOVE TWO STOCKS
3ed March, 2009
LEGAL NOTICE 55 of 2009.
The title of this Directive is the Directive by the Minister
of Finance, Economy and Investment for the issue of €70,000,000
(i)
6% Malta Government Stock 2013 (IV)
(FOURTH ISSUE) or;
(ii) 5% Malta Government Stock 2021 (I) (FIRST
ISSUE) (Fungibility Issue) or of;
(iii) any combination of the above two Stocks which
shall in the aggregate be Euro 70,000,000.
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.
(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 8th August 2009, after the payment of the first
dividend, any amount allotted under 5.0% 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.
The sum of money to be raised by either Stock, or of any
combination of the two Stocks shall in the aggregate be Euro
70,000,000. The Accountant General reserves the right to increase
the sum of money to be raised by a maximum of Euro 25,000,000.
DIRECTIVE BY THE MINISTER OF FINANCE, THE
ECONOMY AND INVESTMENT FOR THE ISSUE OF €70,000,000 (I) 3.6% MALTA
GOVERNMENT STOCK 2013 (FOURTH ISSUE); OR (II) 5% MALTA GOVERNMENT
STOCK 2021 (FIRST ISSUE); OR OF (III) ANY COMBINATION OF THE ABOVE TWO
STOCKS IN THE AGGREGATE OF THE ABOVE TWO STOCKS
(a) Interest at the rate of Euro 1.8 for every Euro 100,
3.6% Malta Government Stock 2013 (IV) will be
payable half-yearly in arrear on the 18th day of April
and the 18th day of October in every year for the
duration of the Stock. The first pro-rata payment
covering the period from the 18th March, 2009 to the
17th day of October, 2009 (both dates inclusive) shall
be made on the 18th day of October, 2009.
(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 18th March, 2009 to the 7th day of August,
2009 (both dates inclusive) shall be made on the 8th
day of August, 2009.
(a) The 3.6% Malta Government Stock 2013(IV) shall be
redeemed at par on the 18th October, 2013.
(b) The 5% Malta Government Stock 2021(I) shall be
redeemed at par on the 8th August, 2021.