Government stock issue announced

The issue of €80 million government stocks subject to an over-allotment option of an additional €20 million on November 9 has been announced.

The issue incorporates:

* 3.6 percent Malta Government Stock 2013(IV) Fungibility Issue, and

* 4.6 percent Malta Government Stock 2020 (II), and

* Floating Rate Malta Government Stock 2015 (V) linked to the six month Euribor, or

* any combination of the above three Stocks which shall in the aggregate be €80,000,000.

The offer price for each Stock at (i) and (ii) shall be established on Thursday. It would be announced to the Malta Stock Exchange and published in the daily local newspapers and through a press release by the Department of Information.

The issue closes

* at 5 p.m. on November 11 for applications by any single and/or joint applications which in the aggregate do not exceed €100,000 per person, and

* at noon on November 13 for applications in the form of sealed bids. The allotment results of each stock to applicants whose applicants are in the form of sealed bids would be determined and announced within two hours immediately after the closing time of applications by auction.

The issue may close earlier at the discretion of the Accountant General.

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 treasury website.

www.treasury.gov.mt