New issue of Malta Government Stocks – (by auction)

The Accountant General announces the issue of €40,000,000 Malta Government Stocks subject to an over-allotment option of an additional amount up to a maximum of €35,000,000 as follows: (i) 1.4% Malta Government Stock 2023 (III) Fungibility Issue, and (ii) 1.5% Malta Government Stock 2027 (I) Fungibility Issue, or (iii) any combination of the above two Stocks which shall in the aggregate be €40,000,000. Applications in the form of sealed bids (auction) for a minimum of €500,000 and multiples of €100,000 each open on Wednesday 2nd August, 2017 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 fax on 2596 7210 or by e-mail at the e-mail addresses indicated on the application form or deposited in the Treasury Tender Box in Floriana.

The allotment results of each Stock will be determined and announced immediately after the lapse of two hours of the closing time of applications by 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.

The Accountant General will announce indicative pricing guidelines via a Press Release to be published on Tuesday, 1st August, 2017 consisting of an indicative range of spreads over the euro mid-swap rate, broadly reflecting the secondary market conditions with respect to the 1.4% Malta Government Stock 2023(III) and the 1.5% Malta Government Stock 2027 (I).

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