On 22 July, the Treasury published a Prospectus in respect of 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 €50 million.
Proceeds from the issue will be used for general funding purposes of the Government of Malta and to refinance the redemption of the €70 million 7.2% MGS 2008 (II) on 28 August.
The 2 new fungible stocks are:
(i) 5.1% MGS 2014 (III) at a price to be determined on Friday 1 August;
(ii) 5.0% MGS 2021 (I) at a price to be determined on Friday 1 August.
Subscriptions open on Monday 4 August and close on Wednesday 6 August.
The General Public has the possibility of applying in any of the issues at up to a maximum amount of €100,000 (nominal) per application. For applications in excess of €100,000 (nominal), a tendering process applies.
Investors interested in applying for any of the Malta Government Stock Issues are kindly asked to email us on email@example.com or contact us on +356 2258 3000 and we will provide the appropriate application forms together with pricing details on Friday 1 August as soon as they are announced by the Treasury.