Government of Malta - New Stock Issues

On 24 January, the Treasury announced the issue of 3 new Malta Government Stocks for a total aggregate amount of €150 million subject to an over-allotment option of up to a further €150 million.

The 3 new stocks are:

• (i) 4.25% MGS 2017 (III) (Fungibility Issue) at a price to be determined on Friday 27 January 2012
• (ii) 4.3% MGS 2022 (II) at a price to be determined on Friday 27 January 2012
• (iii) 5.2% MGS 2031 (I) (Fungibility Issue) at a price to be determined on Friday 27 January 2012

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 Wednesday 1 February and close on Friday 3 February for the General Public while tenders in the form of sealed bids will be accepted until noon on Tuesday 7 February.

Further information is available in the Prospectus dated 24 January 2012 issued by the Government of Malta. Pricing details will be announced on our website on Friday 27 January. For any clarifications, please send an email to info@rizzofarrugia.com or contact us on +356 2258 3000.