Government issues €130 million stock

Of these, €100 million would be allocated for fixed rate stocks subject to an over-allotment option of an additional sum of €50 million. The fixed-rate stocks will be the 3.75% Malta Government Stock 2015(VI) Fungibility Issue; and the 5.25% Malta Government Stock 2030 (I) Fungibility Issue.

The remaining €30 million would be allocated for floating rate stock with the Floating Rate Malta Government Stock 2013 (VI) linked to the six month Euribor.

The offer price for each Stock should be established by the Treasury Department on Thursday 29 July, 2010.  The price should be announced to the Malta Stock Exchange (MSE) and published in the daily local newspapers, as well as through a Press Release by the Department of Information (DOI).

Applications for the new Government stocks will open on Monday 2 August, 2010 and should close by 5.00 pm on Wednesday 4 August, 2010 for applications by any single and/or joint applications which together did not exceed €100,000 per person.

The deadline for applications in the forms of sealed bids (auction) would close at noon on Friday, 6 August, 2010.

The allotment results of each stock to applicants whose applicants were in the form of sealed bids would be determined and announced within two hours immediately after the closing time of applications by auction.

The applications for new Government stocks might close earlier at the discretion of the Accountant General.

Application forms might be obtained from and lodged at all members of the Malta Stock Exchange and other authorised Investment Service Providers.  Application forms might also be downloaded from the Treasury website.

More information on these stocks could be found in the relative prospectuses which could be downloaded from the Treasury website at http://www.treasury.gov.mt