MT
DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF €100,000,000
Table of Provisions (7)
Statutory Text (7 Articles)
DIRECTIVE BY THE MINISTER OF FINANCE, THE ECONOMY AND INVESTMENT
FOR THE ISSUE OF €100,000,000 (I) 3.6% MALTA GOVERNMENT STOCK 2013
(FOURTH ISSUE); OR (II) 5.2% MALTA GOVERNMENT STOCK 2020 (FIRST ISSUE);
OR OF (III) ANY COMBINATION OF THE ABOVE TWO STOCKS IN THE AGGRE-
GATE OF THE ABOVE TWO STOCKS
SUBSIDIARY LEGISLATION 161.81
DIRECTIVE BY THE MINISTER OF FINANCE,
ECONOMY AND INVESTMENT
FOR THE ISSUE OF €100,000,000
(I) 3.6% MALTA GOVERNMENT STOCK 2021
(FOURTH ISSUE); OR (II) 5.2% MALTA
GOVERNMENT STOCK 2020 (FIRST ISSUE);
OR OF (III) ANY COMBINATION OF THE
ABOVE TWO STOCKS
16th June, 2009
LEGAL NOTICE 192 of 2009.
The title of this Directive is the Directive by the Minister
of Finance, Economy and Investment for the issue of
€100,000,000
(i)
6% Malta Government Stock 2013 (IV)
(FOURTH ISSUE) or;
(ii) 5.2% Malta Government Stock 2020 (I) (FIRST
ISSUE) (Fungibility Issue) or of;
(iii) any combination of the above two Stocks which
shall in the aggregate be 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.
(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 18th October 2009, after the payment of the
first dividend, any amount allotted under 3.6% Malta
Government Stock 2013 (IV) will be integrated with
the existing issue of this Stock and shall thereafter
both be deemed to be one Stock.
(c) On the 10th of December 2009, after the payment of
the first dividend, any amount allotted under 5.2%
Malta Government Stock 2020 (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
100,000,000. The Accountant General reserves the right to increase
the sum of money to be raised by a maximum of Euro 20,000,000.
DIRECTIVE BY THE MINISTER OF FINANCE, THE ECONOMY AND INVESTMENT
FOR THE ISSUE OF €100,000,000 (I) 3.6% MALTA GOVERNMENT STOCK 2013
(FOURTH ISSUE); OR (II) 5.2% MALTA GOVERNMENT STOCK 2020 (FIRST ISSUE);
OR OF (III) ANY COMBINATION OF THE ABOVE TWO STOCKS IN THE AGGRE-
GATE OF THE ABOVE TWO STOCKS
(a) Interest at the rate of Euro 1.80 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 1st July, 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 2.60 for every Euro 100
5.2% Malta Government Stock 2020 (I) will be
payable half-yearly in arrear on the 10th day of June
and the 10th day of December in every year for the
duration of the Stock. The first pro-rata payment
covering the period from the 1st July, 2009 to the 9th
day of December, 2009 (both dates inclusive) shall be
made on the 10th day of December, 2009.
(a) The 3.6% Malta Government Stock 2013(IV) shall be
redeemed at par on the 18th October, 2013.
(b) The 5.2% Malta Government Stock 2020 (I) shall be
redeemed at par on the 10th June, 2020.