Home | Databases | WorldLII | Search | Feedback Maltese Laws

Budget Measures Implementation Act, 2005 (Act No. Ii Of 2005) Local Loans (Registered Stock And Securities) Ordinance (Cap. 161) Directive By The Prime Minister And Minister Of Finance For The Issue Of Lm15,000,000 4.8% Malta Government Stock 2016 (Second Issue) (L.N.63 Of 2006 )

BUDGET MEASURES IMPLEMENTATION ACT, 2005 (ACT NO. II OF 2005)
LOCAL LOANS
(REGISTERED STOCK AND SECURITIES) ORDINANCE (CAP. 161)
Directive by the Prime Minister and Minister of Finance
for the Issue of Lm15,000,000 4.8% Malta Government Stock
2016 (SECOND ISSUE)
(Fungibility Issue)
IN exercise of the powers conferred by the Budget Measures Implementation Act, 2005 and by article 4(1)(a) of the Local Loans (Registered Stock and Securities) Ordinance, the Prime Minister and Minister of Finance has authorised that the sum of Lm15,000,000 4.8% Malta Government Stock 2016 (II) Fungibility Issue be issued as follows>–
1. The Stock shall be issued as set out in the prospectus.
2. All persons and, or entities are eligible to apply for this Stock. Allotment will be applied as set out in the prospectus.
3. (a) In terms of the Financial Markets Act, when the Stock has been allotted, an application shall be made for the Stock to be placed on the official list and for trading on the Malta Stock Exchange.
(b) On the 27th May 2006, after the payment of the first dividend, this stock will be integrated with the existing issue 4.8% Malta Government Stock 2016 (II) and shall thereafter both be deemed to be one Stock.
4. The sum of money to be raised by the Stock shall be Lm15,000,000. The Accountant General reserves the right to increase the sum of money to be raised by a maximum of Lm10,000,000.
5. Interest at the rate of Lm 2.40,0 for every Lm100 Stock will be payable half-yearly in arrear on the 26th day of May and the 26th day
B 1223

Mode of issuing

Stock.

Allotment Policy.

Trading on the Malta Stock Exchange, Cap.

345.

Sum of money to be raised.

Rate of interest and dates of payment.

B 1224

Redemption of

Stock.

of November in every year for the duration of the Stock. The first pro- rata payment covering the period from the 28th day of March, 2006 to the 26th day of May, 2006 shall be made on the 26th day of May, 2006.
6. The Stock shall be redeemed at par on the 26th November,
2016.

Ippubblikat mid-Dipartiment ta’ l-Informazzjoni (doi.gov.mt) — Valletta — Published by the Department of Information (doi.gov.mt) — Valletta

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press

Prezz 8ç – Price 8c