New issue of fixed rate Malta Government Stock by auction – September 2020

Published by
The Malta Business Weekly

The Accountant General announces the issue of €120,000,000 Malta Government Stock subject to an over-allotment option of an additional amount up to a maximum of €80,000,000 as follows:

(i)                 0.50% Malta Government Stock 2025 (II) Fungibility Issue (F.I.); and

(ii)              0.80% Malta Government Stock 2027 (III) Fungibility Issue (F.I.); and

(iii)            1.00% Malta Government Stock 2031 (II) Fungibility Issue (F.I.); or

(iv)             any combination of the above three Stocks which shall in the aggregate be €120,000,000.

Applications in the form of sealed bids (auction) for a minimum of €500,000 and multiples of €100,000 each open on Wednesday 23rd September 2020 at 8.30 a.m. and close at noon (CET) of the same day or earlier at the discretion of the Accountant General.

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 allotment results of each Stock will be determined and announced two hours immediately after the closing time of the auction.

The 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.

The Accountant General will announce indicative pricing guidelines through a press release to be published on Tuesday 22nd September 2020, consisting of an indicative spread over the corresponding euro mid-swap rates, broadly reflecting the secondary market conditions with respect to the 0.50% Malta Government Stock 2025 (II), the 0.80% Malta Government Stock 2027 (III) and the 1.00% Malta Government Stock 2031 (II).

More information on these 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 at www.treasury.gov.mt

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

Recent Posts

How the stock market defied expectations again this year, by the numbers

What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried…

2 weeks ago

Editorial: 2024 problems will spill into 2025

The year is approaching its end and it is time to take a look back…

3 weeks ago

Inflation, environment main concerns for Maltese citizens – Eurobarometer

Inflation and the environment are the major concerns for Maltese citizens according to the latest…

3 weeks ago

16 local councils in financial trouble as they owe more money than they have

16 local councils are in financial trouble as at the end of 2023 they owed…

3 weeks ago

From Damascus to Moscow

Last week I promised my readers that I will be writing about the current military…

3 weeks ago

Economic outlook

The Central Bank of Malta has just issued its latest outlook for the Maltese economy…

3 weeks ago