New Issue of Fixed Rate Malta Government Stocks – February 2023

The Accountant General is hereby announcing the issue of €200,000,000 Malta Government Stocks in any one or any combination of the following two stocks:

(i) 3.50% Malta Government Stock 2028 (VI); and

(ii) 4.00% Malta Government Stock 2043 (I).

The sum of money to be raised may be increased by an additional €150,000,000 in the event of oversubscription.

Members of the public who are interested to invest may apply for an amount up to a maximum of €499,900 per person in any one or in each of the two stocks on offer. Application forms can be made by one person or jointly with other persons. The applications for members of the public open from Monday 20 February 2023 at 8.30am. and close at 2.30pm. on Wednesday 22 February 2023, or earlier at the discretion of the Accountant General.

Applications from wholesale investors in the form of sealed bids (auction) open on Friday 24 February 2023 at 8.30am and close at 12pm (CET) of the same day, or earlier at the discretion of the Accountant General.

The price of each stock listed at (i) and (ii) above offered for subscription by members of the public shall be established on Thursday 16 February 2023. The Accountant General shall be announcing the price for each stock, and these shall be published in the local newspapers as well as through a press release by the Department of Information.

The allotment results of each stock to applicants whose applications are in the form of sealed bids (auction) will be determined and announced two hours after the closing time of the auction.

Application forms may be obtained from and lodged at all members of the Malta Stock Exchange and other authorised investment service providers. Application forms may also be downloaded from the Treasury’s website www.treasury.gov.mt with effect from Friday, 17 February 2023.

More information on these stocks can be found in the Offering Circular which can be downloaded from the Treasury’s website as from Thursday, 9 February 2023.