Government of Malaysia Re-Opening of Loan No. 2 of 2013 Sukuk Prospectus

Transcription

1. PROSPECTUS GOVERNMENT OF MALAYSIA RE-OPENING OF LOAN NO . 2 OF 2013 Principal Dealers are hereby invited to tender for the re-opening of Government of Malaysia Loan No. 2 of 2013. RE-OPENING OF RM 3.5 BILLION SCRIPLESS STOCK Original Issue Date Tender Opening Date Tender Closing Date Re-opening Date Maturity Date Stock Code Coupon Rate Tender Basis : 01 March 2013 : 10 September 2013 : 12 September 2013 : 13 September 2013 : 01 March 2018 : MI130002 : 3.260% p.a. : Price (to three decimal places) Note: Allotment proceeds will include accrued interest. THIS LOAN IS AUTHORISED BY THE LOAN (LOCAL) ACT 1959 (REVISED 2004) (ACT 637) PAYMENT FOR TENDER AMOUNTS ACCEPTED SHALL BE MADE ON THE ISSUE DATE Any sums raised by this loan less the sum required to defray the expenses in connection with the raising of the loan may be applied in the following manner:(i) repayment or amortisation of loans raised under the Loan (Local) Act 1959 (Revised 2004) (Act 637); or (ii) paid into the Development Fund Specified in the Second Schedule to the Financial Procedure Act, 1957 for the purpose of such fund.
2. 2 APPLICATION All tenders must be submitted through Fully Automated System for Tendering (FAST) not later than 11.30 a.m. on 12 September 2013. Tenders will only be accepted from the following Principal Dealers:- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. AmBank Berhad CIMB Bank Berhad Citibank Berhad Hong Leong Bank Berhad HSBC Bank Malaysia Berhad J.P. Morgan Chase Bank Berhad Malayan Banking Berhad OCBC Bank (Malaysia) Berhad Public Bank Berhad RHB Bank Berhad Standard Chartered Bank Malaysia Berhad United Overseas Bank (Malaysia) Berhad All other intending investors shall submit their bids through the above Principal Dealers. Application for stock must be in multiples of RM1,000,000 with a minimum value of RM5,000,000. ACCEPTANCE Bank Negara Malaysia reserves the right to accept or reject any application without assigning any reason therefore. Where an application is accepted in part only, no allotments will be made for stock of less than RM10,000. PAYMENT Payment for the tender amounts accepted and so allotted must be made in full on the issue date. For this purpose, applicants shall authorise Bank Negara Malaysia to debit their respective current accounts maintained with Bank Negara Malaysia for the cost of the stock allotted. Prices, based on the successful yield bids, shall be expressed to three decimal places on allocation.
3. 3 REDEMPTION Section 4 of the Loan (Local) Act, 1959 (Revised 2004) provides that all debt charges in respect of Loans raised thereunder shall be charged upon and payable out of the Consolidated Fund. On the maturity date of this stock, Bank Negara Malaysia, shall credit the current account of each participating investing institution/depository institution with the principal moneys represented by the stock standing in its own securities account and/or aggregate customers' account. The principal moneys for the scripless stock issued shall be repaid, at par, on 1 March 2018. INTEREST Interest is payable half-yearly on 1 March and 1 September and the first such payment will be made on 1 March 2014, calculated from 1 September 2013, at a coupon rate of 3.260%. Interest on the principal moneys shall cease after the maturity date of this stock. CLARIFICATION The stock issued under this prospectus is deemed to have been issued on 1 March 2013 and any reference to the original MI03/18 stock is to be taken as also referring to the stock issued under this prospectus. Nothing in this prospectus shall operate to vary the terms and conditions contained in the prospectus that governs the original issue of MI03/18 stock. TRANSFER EXEMPTED FROM STAMP DUTY Transfers of this stock are exempted from payment of Stamp Duty. PAYMENT OF ESTATE DUTY Stock will be accepted in payment of Estate Duty provided that the stock surrendered has formed part of the Estate passing on the death of the deceased continuous up to the date of death from the date of the original subscription or for a period of not less than six months preceding the date of death. INVESTMENT OPERATIONS AND FINANCIAL MARKET DEPARTMENT BANK NEGARA MALAYSIA KUALA LUMPUR