Government of Malta - New Stock Issues

On 14 February, the Treasury announced the issue of 3 new Malta Government Stocks for a total aggregate amount of €100 million subject to an over-allotment option of up to a further €60 million.

The 3 new fixed rate stocks are:

(i) 3.20% MGS 2019 (V) Fungibility Issue at a price to be determined on Thursday 20 February 2014

(ii) 3.3% MGS 2024 (I) at a price to be determined on Thursday 20 February 2014

(iii) 4.45% MGS 2032 (II) at a price to be determined on Thursday 20 February 2014

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 24 February and close on Wednesday 26 February for the General Public while tenders in the form of sealed bids will be accepted until noon on Monday 3 March.

Further information is available in the Prospectus dated 14 February 2014 issued by the Government of Malta. Pricing details will be announced on our website on Thursday 20 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.