S.L. 575.4 Art. 4Debt securities issued, issuer and power to issue. Cap. 575.

(1) The Conventional Fixed Rate Malta

Government Stocks and Floating Rate Malta Government Stocks are issued by the Accountant General through the Debt Management Directorate on behalf of the Government of Malta under the authority contained in the Government Borrowing and Management of Public

Debt Act and other statutes:

(a) the Conventional Fixed Rate Malta Government Stock is a tradeable security which pays the holder a fixed interest payment (half the coupon) every six months in arrears until the maturity of the Stock; and

(b) the Floating Rate Malta Government Stock is a tradeable security which pays the holder an interest payment periodically (normally every six months) in arrears, where the interest rate is fixed periodically (normally every six months) in advance at a specified fixed spread over a recognised money market rate.

(2) The Malta Government Stocks are issued in Euro currency and every person can subscribe for the Stock.

The issuance of Malta Government Stocks in the Primary Market