Malta’s Accountant General announces issuing €50m gov’t stock

The Accountant General announced the issue of €50m Malta Government Stock subject to an over-allotment option of an additional amount up to a maximum of €30m, according to a press statement issued by the government’s Department of Information (DOI)

The issue is as follows:

• (i) 1.4% Malta Government Stock 2024 (III) Fungibility Issue, and
• (ii) 1.85% Malta Government Stock 2029 (III) Fungibility Issue, or
• (iii) any combination of the above two Stocks which shall in the aggregate be €50,000,000.

“Applications in the form of sealed bids (auction) for a minimum of € 500,000 and multiples of €100,000 each open on 27 February 2019 at 8.30 a.m. and close at noon (CET) of the same day or earlier at the discretion of the Accountant General,” the DOI press statement says.

Bids on the prescribed forms are to be transmitted by e-mail at the e-mail addresses indicated on the application form or by fax on +356 2596 7210 or deposited in the Treasury’s Tender Box in Floriana, the DOI statement adds.

The allotment results of each Stock will be determined and announced two hours immediately after the closing time of the auction. Application forms may be obtained from all members of the Malta Stock Exchange and other authorised Investment Service Providers or downloaded from the Treasury’s website.

More information on the stocks can be found in the Offering Circular which together with the General Prospectus and Malta Government Stocks Regulations can be downloaded from the Treasury’s website.