Last Updated 15 | 02 | 2013 at 14:32

Business & Technology

€120,000,000 worth of Government stocks to be issued

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di-ve.com news
editorial@di-ve.com

The Accountant General has announced the issue of €120,000,000 Malta Government Stocks subject to an over-allotment option of an additional sum of €80,000,000 as follows:

(i) 3% Malta Government Stock 2019 (III), and

(ii) 4.5% Malta Government Stock 2028 (II), or

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

Applications open on Monday February 25, 2013 at 08:30h. Applications by any single or joint applications which in the aggregate do not exceed €100,000 per person close at 17:00h on Wednesday February 27 and applications in the form of sealed bids (auction) close at noon on Friday March 1.

The price of each Stock at (i) and (ii) above, offered for subscription by members of the public shall be established on Thursday February 21.  Such price shall be announced to the Malta Stock Exchange and published in the daily local newspapers and through a press release by the Department of Information (DOI).

The allotment results of each stock to applicants whose applications are in the form of sealed bids (auction) will be determined and announced within two hours immediately after the closing time of applications by 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 from February 22.

More information on these stocks can be found in the prospectus which can be downloaded from the Treasury’s website at (www.treasury.gov.mt).

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