Government issues €80m in stocks

The government has issued €80 million worth of stocks, subject to an over-allotment option of an additional €20 million on November 9.

The issue incorporates 3.6 per cent Malta Government Stock 2013(IV) Fungibility Issue, 4.6 per cent Malta Government Stock 2020 (II), 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 million.

The offer price for each stock will be established on Thursday and will be announced to the Malta Stock Exchange and published in the daily newspapers and through an official government statement.

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.

Application forms can be obtained from and submitted at all members of the Malta Stock Exchange and other authorised investment service providers.