Government to issue €100m stock offer

The government yesterday announced it would be issuing €100 million worth of new stock, with 3.75 per cent stock redeemable in 2015 and 5.25 per cent stock in 2030.

The offer price to members of the public will be established on November 4 and will be announced to the Malta Stock Exchange. Publication by newspapers and the Department of Information will follow.

Applications can be submitted from November 8. The closing date for any single and/or joint applications which in aggregate do not exceed €100,000 per person is 5 p.m. on November 10.

The deadline for sealed bids is at noon on November 12 and the allotment results of each stock will be determined and announced two hours after the deadline.

Application forms can be obtained from and lodged at members of the Malta Stock Exchange and other authorised investment service providers. Application forms may also be downloaded from the Treasury website from November 5.

More information at www.treasury.gov.mt.