S.L. 161.83 ст. 7Rateofinterestand dates of payment.

(1) Interest at the rate of Euro 1.80 for every Euro 100 in respect of the 3.6% Malta Government Stock 2013 (IV) shall be payable half-yearly in arrears 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 day of November, 2009 to the 17th day of April, 2010 (both dates inclusive), shall be made on the 18th day of April, 2010.

(2) Interest at the rate of Euro 2.3 for every Euro 100 in respect of the 4.6% Malta Government Stock 2020 (II) shall be payable half-yearly in arrears on the 25th day of April and the 25th day of October in every year for the duration of the Stock. The first pro-rata payment covering the period from the 18th day of November, 2009 to the 24th day of April, 2010 (both dates inclusive) shall be made on the 25th day of April, 2010.

(3) Interest shall be paid at the floating rate linked to the six (6) month Euribor plus a spread of 80 basis points (bps) calculated on Day Count Fraction (Actual/360) for every Euro 100. The spread of 80bps is fixed and applicable until the maturity of the Stock. The interest rate (six month Euribor plus spread of 80bps) is subject to a maximum interest rate capped at 2.61% every six months and in no event shall the minimum interest rate be less than 0.85% every six months. Interest shall be payable half yearly in arrears on the 25th of April and 25th of October in every year for the duration of the Stock. The first pro-rata payment covering the period from the 18th November, 2009 to the 24th April, 2010 (both days inclusive) shall be made on the 25th day of April, 2010.