Government of Malta - New Issues

On 12 February, the Treasury announced the issue of 2 new Malta Government Stocks for a total aggregate amount of €120 million subject to an over-allotment option of up to a further €80 million.

The 2 new fixed rate stocks are:

(i) 1.50% MGS 2022 (IV) at a price to be determined on Thursday 18 February 2016 in the afternoon;
(ii) 2.50% MGS 2036 (I) at a price to be determined on Thursday 18 February 2016 in the 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 22 February and close on Wednesday 24 February for the General Public while tenders in the form of sealed bids will be accepted until noon on Monday 29 February.

Further information is available in the Prospectus dated 12 February 2016 issued by the Government of Malta. Pricing details will be announced on our website on Thursday 18 February 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.