Government of Malta - New Stock Issues

On 15 July, the Treasury announced the issue of 2 new Malta Government Stocks for a total aggregate amount of €100 million subject to an over-allotment option of up to a further €80 million.

The 2 new fixed rate stocks are:

(i) 2.00% MGS 2020 (V) at a price to be determined on Thursday 24 July 2014 (afternoon);

(ii) 4.1% MGS 2034 (I) at a price to be determined on Thursday 24 July 2014 (afternoon).

The General Public has the possibility of applying for these stocks in multiples of €100 and up to a maximum of €100,000 (nominal) per application. For applications in excess of €100,000 (nominal), a tendering process applies. Subscriptions open on Monday 28 July and close on Wednesday 30 July for the General Public while tenders in the form of sealed bids will be accepted until noon on Monday 4 August.

Further information is available in the Prospectus dated 15 July 2014 issued by the Government of Malta. Pricing details will be announced on our website on Thursday 24 July and application forms will also be available on the same day. For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.