Malta Government Stocks - Pricing of New Issues

Wednesday, February 8th, 2017

Further to the announcement dated 03 February 2017 with respect to the issue of the new Malta Government Stocks, the Treasury today established the prices of the 3 new MGS’s as follows:

(i) 1.4% MGS 2023 (III) at 104.00% for every €100 nominal giving a yield to maturity of 0.788% per annum;

(ii) 1.5% MGS 2027 (I) at 100.50% for every €100 nominal giving a yield to maturity of 1.448% per annum;

(iii) 2.2% MGS 2035 (I) at 100.25% for every €100 nominal giving a yield to maturity of 2.184% per annum;

The total aggregate amount is of €130 million subject to an over-allotment option of up to a further €90 million.

The General Public has the possibility of applying in any of these issues in multiples of €100 and up to a maximum amount of €100,000 (nominal) per person. For applications in excess of €100,000 (nominal), a tendering process applies. Subscriptions for the General Public open on Monday 13 February and close on Wednesday 15 February or earlier in the case of over-subscription. Tenders in the form of sealed bids will be accepted until noon on Monday 20 February.

Investors interested in applying for any of the Malta Government Stock issues are kindly asked to complete an Application Form (accompanied by full payment) and an Assessment & Confirmation Form (please contact us to receive a copy).

Application Forms may be downloaded from the below links:

Application Form – 1.4 per cent MGS 2023 (III)

Application Form – 1.5 per cent MGS 2027 (I)

Application Form – 2.2 per cent MGS 2035 (I)

Further information is available in the Prospectus dated 03 February 2017 issued by the Government of Malta. For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.

The value of these investments and the income derived therefrom may fall as well as rise and investors may not get back the amount originally invested. These investments are subject to Collective Action Clauses (CACs). Investors should refer to the Prospectus for further detail about the risks of these investments.

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