The government yesterday issued €100,000,000 fixed-rate Malta government stocks subject to an over-allotment option of an additional €44,000,000, and €24,000,000 floating rate Malta government stock.

The fixed rate stock consist of 4.25 per cent Malta Government Stock 2017(III) Fungibility Issue and 5.2 per cent Malta Government Stock 2031 (I) or any combination of the two stocks, which, in the aggregate, amount to €100,000,000.

Applications open on November 14 at 8.30 a.m. and close at 5 p.m. on November 16 in the case of applications by any single and/or joint applications which together do not exceed €100,000 per person and at noon on November 18 for applications in the form of sealed bids (auction) or earlier at the discretion of the Accountant General.

The price for each stock offered for subscription by the public will be established on November 10. It will be announced to the Malta Stock Exchange and published in the press.

Application forms can also be downloaded from the Treasury website from November 11. More information on the stocks can be found in the relative prospectus that can be downloaded from the Treasury website at www.treasury.gov.mt.