sl_161.86

DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

9 Articles / Provisions · Malta

Open official source Machine-readable Markdown (.md)

Table of Provisions (9)

Preamble Reg. 1 Citation. Reg. 2 Issuing of Stock. Reg. 3 Mode of issuing Stocks. Reg. 4 Allotment policy. Reg. 5 Trading on the Malta Stock Exchange. Reg. 6 Sum of money to be raised. Reg. 7 Rate of interest and dates of payment. Reg. 8 Redemption of Stock.

Statutory Text (9 Articles)

Laws of Malta — Subsidiary Legislation 161.86 — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Preamble — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 Open official source

ISSUE OF EURO 120,000 MALTA GOVERNMENT STOCKS

SUBSIDIARY LEGISLATION 161.86

DIRECTIVE BY THE MINISTER OF FINANCE,

ECONOMY AND INVESTMENT

FOR THE ISSUE OF EURO 120,000,000

MALTA GOVERNMENT STOCKS

28 nd February, 2011

LEGAL NOTICE 29 of 2011.

Laws of Malta — Subsidiary Legislation 161.86 — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Reg. 1 Citation. — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 Open official source

The title of this Directive is the Directive by the Minister

of F inance, E conomy and Inv estm en t for the issue of E uro

120,000,000 Malta Government Stocks.

Laws of Malta — Subsidiary Legislation 161.86 — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Reg. 2 Issuing of Stock. — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 Open official source

An amount of Euro 120,000,000 Malta Government Stocks

shall be issued as follows

(a) 4.25% Malta Government Stock 2017 (III), and

(b) 5.25% Malta Government Stock 2030 (I) Fungibility

issue, or

in the aggregate be Euro 120,000,000.

Laws of Malta — Subsidiary Legislation 161.86 — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Reg. 3 Mode of issuing Stocks. — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 Open official source

These Stocks shall be issued as set out in the prospectus.

Laws of Malta — Subsidiary Legislation 161.86 — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Reg. 4 Allotment policy. — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 Open official source

All persons and, or entities are eligible to apply for these

Stocks. Allotment will be applied as set out in the prospectus.

Laws of Malta — Subsidiary Legislation 161.86 — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Reg. 5 Trading on the Malta Stock Exchange. — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 Open official source

(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 23rd June, 2011 after the payment of the first

interest, any amount allotted under 5.25% Malta Government Stock

2030 (I) FI shall be integrated with the existing issue of this Stock

and shall thereafter both be deemed to be one Stock.

Laws of Malta — Subsidiary Legislation 161.86 — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Reg. 6 Sum of money to be raised. — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 Open official source

The sum of money to be raised by either Stock, or of any

combination of the two Stocks shall in the aggregate be Euro

120,000,000. The Accountant General reserves the right to increase

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

Laws of Malta — Subsidiary Legislation 161.86 — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Reg. 7 Rate of interest and dates of payment. — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 Open official source

(1) Interest at the rate of Euro 2.125 for every Euro 100 in

respect of the 4.25% Malta Government Stock 2017 (III) shall be

payable half-yearly in arrears on the 6th day of May and the 6th day

of November in every year for the duration of the Stock. The first

pro rata interest payment covering the period from the 23rd day of

February, 2011 to the 5th day of May, 2011 (both dates inclusive),

shall be made on the 6th day of May, 2011.

(2) 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

ISSUE OF EURO 120,000 MALTA GOVERNMENT STOCKS

day of December in every year for the duration of the Stock. The

first pro rata interest payment covering the period from the 23rd

day of February, 2011 to the 22nd day of June, 2011 (both dates

inclusive), shall be made on the 23rd day of June, 2011.

Laws of Malta — Subsidiary Legislation 161.86 — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Reg. 8 Redemption of Stock. — DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000 Open official source

(1) The 4.25% Malta Government Stock 2017 (III) shall be

redeemed at par on the 6th November, 2017.

(2) The 5.25% Malta Government Stock 2030 (I) shall be

redeemed at par on the 23rd June, 2030.

DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 120,000,000

Table of Provisions (9)

Statutory Text (9 Articles)

Need to analyze how this provision applies to your matter?